FX.co ★ Belgium Producer Inflation at 2023-Highs

Belgium’s producer prices rose 8.7% year-on-year in April 2026, sharply accelerating from a 3.5% increase in March and marking the fastest pace since March 2023. The pickup was fueled by both domestic and non-domestic markets: domestic producer prices advanced 8.2% (vs 3.7% in March), while non-domestic prices jumped 9.7% (vs 3.3%).

Price pressures were broad-based across sectors, led by manufacturing, where producer prices climbed 9.3%, up from 4.7% in the previous month. Inflation also rebounded in mining and quarrying (0.6% vs -0.1%) and in electricity, gas, steam, and air conditioning supply (2.5% vs -9.1%). Meanwhile, prices in water supply, sewerage, waste management, and remediation activities increased by 4.2%.

On a monthly basis, producer prices rose 2.9% in April, largely reflecting a 7.4% jump in energy prices. Excluding energy, producer prices were up 1.7% from the previous month.