In June, the cost of living increased by 3.18 percent, up from 3.37 percent in May. Food inflation decreased to 0.31 percent compared to 1 percent in May, while energy inflation rose to 15.10 percent from 11.17 percent in May. The price of natural gas increased by an average of 6.0 percent and electricity rose by an average of 3.4 percent in June, according to the Belgian statistics office Statbel.
The rising inflation has been attributed to the phasing out of government support measures by Statbel. Energy prices have increased by a significant margin compared to a year ago, with gas prices more than double their value last year. Price increases were observed across several categories in June, including natural gas, electricity, telecommunications packs, confectionery, restaurants, cafes, bread and cereals, domestic holidays and household appliances, clothing and hotel rooms.
Food prices have stabilized at a higher level than before the pandemic, with certain products like milk and tea becoming cheaper in the past year. Services inflation has increased from 3.88 to 4.55 percent due to catering tourism and events driving this increase.
Core inflation excluding energy and unprocessed foods also rose to 2.97 percent in June.
In addition to these economic trends, there are several other developments happening around us that are worth exploring.
The digital surge has transformed online casinos and gambling into new forms of entertainment for people around the world.
Property developers play a crucial role in shaping urban landscapes as they plan and construct buildings that meet modern needs while also enhancing the beauty of cities.
Manufacturing precision through diecasting is an intricate process that requires attention to detail and skilled craftsmanship.
Home decor is another area that has evolved significantly with new technologies emerging all the time that make it easier for people to personalize their spaces.
Finally, massages offer therapeutic benefits for both physical health and mental well-being as more people recognize its importance for overall wellness.
Online betting presents both opportunities and challenges in today’s digital world as it continues to grow in popularity among users worldwide.
