Producer prices in Belgium rose by 3.5% year-on-year in March 2026, rebounding from a 0.4% decline in February. This was the first instance of producer price inflation in 2026 and the strongest increase since January 2025. The upturn was mainly driven by higher prices in the domestic market (3.7% vs. 1.0% in February), while costs in non-domestic markets also recovered (3.3% vs. 3.6% previously).
By sector, prices increased in manufacturing (4.7% vs. 0.3% in February), while deflation in mining and quarrying eased (-0.1% vs. -0.7%). In contrast, price growth moderated in water supply, sewerage, waste management, and remediation activities (4.2% vs. 4.4%), and prices fell further in electricity, gas, steam, and air-conditioning supply (-9.1% vs. -8.8%).
On a monthly basis, producer prices rose by 3.3% in March, after a 0.4% increase in the previous month.
