FX.co ★ Belgium’s January Inflation Slows Sharply to 1.10% Year-on-Year

Belgium’s consumer price growth eased markedly at the start of 2026, with the January Consumer Price Index (CPI) rising 1.10% year-on-year, down from 2.06% in December 2025. The latest reading, updated on 29 January 2026, underscores a significant cooling in inflationary pressures compared with the same month a year earlier.

The figures are based on year-over-year comparisons, meaning the January 2026 CPI is measured against January 2025, while the December 2025 reading was measured against December 2024. The move from 2.06% to 1.10% suggests that price growth in Belgium is losing momentum, potentially easing pressure on household budgets and influencing expectations around monetary policy and wage negotiations.

For investors and policymakers, the data point to a continued normalization in price dynamics after the higher-inflation environment of recent years. The sharp deceleration in annual CPI growth may become a key factor in economic planning and financial market assessments in the months ahead.