In March this year, inflation in Belgian supermarkets exceeded 20 percent on an annual basis for the first time in its history. The increase in consumer prices in the country in the last three months has fluctuated around 19.5% compared to the same periods of the previous year, informs Citing the results of a study by analysts from the consumer protection organization Test Achats, RIA Novosti.
The research was based on a basket of 3,000 products available to consumers at seven local supermarket chains. Analysts concluded that Belgians recently spent an average of one-fifth more on food more than a year ago. The average family of two pays €521 for a meal, €89 more than a year ago and €9 more than in February this year.
“In the last three months, price growth has fluctuated around 19.5%. Over 20% for the first time in March: an absolute record <….> One of the main drivers of growth was the increase in vegetable prices. Compared to March 2022, this figure increased by an average of 31%. Lettuce (+53%), cucumber (+51%) and onions (+50%) increased the most in March 2023.
January 11, Belgian Prime Minister Alexander De Croo accused US leadership in aggressive use of the Inflation Reduction Act (IRA). The United States is kidnapping European firms by promising support under the Inflation Reduction Act, which could have negative consequences for the European region. De Croo offered retaliatory subsidies from Europe in response to this “unfair” law.