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The FPB’s studies cover 11 main themes: Energy, Environmental economic accounts and analyses, International economy, Labour market, Macroeconomic forecasts and analyses, Public finances, Sectoral accounts and analyses, Social protection, demography and prospective studies, Structural studies, Sustainable development, Transport.

Macroeconomic forecasts and analyses



Consumer Price Index & Inflation forecasts [06/09/2022]

Monthly evolution of the consumer price index and of the so-called health index, which is used for the price indexation of wages, social benefits and house-rent.



This theme includes the short-term and medium-term economic forecasts for Belgium, as well as the production of scenario analyses over that time horizon. The instruments developed to accomplish these tasks are the quarterly MODTRIM model and the annual HERMES and HERMREG models. The national forecasts and analyses are produced in the context of legal obligations at the request of the government or the social partners. The regional forecasts are a joint initiative of the FPB and the research departments of the three regions.

The short-term forecasts (through the combined use of the MODTRIM and HERMES models) aim to forecast the main aggregates for the Belgian economy for the next four to six quarters.

The medium-term forecasts (on the basis of the HERMES and HERMREG models) outline a future path for the Belgian economy at a national or regional level over a longer period (six years).

Furthermore, the FPB regularly produces scenario analyses (using the HERMES model) to assess the medium-term economic impact of exogenous shocks or economic policy measures.

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