Belgium's inflation rate surpasses four percent, according to Eurostat's latest report. Eurozone inflation accelerated in May, reaching an annual rate of three point two.
April recorded three percent, indicating a slight increase in prices overall.
Rising prices mainly stem from energy, services, and industrial product costs. Middle East conflicts have influenced energy costs, driving inflation even higher.
Core inflation, excluding volatile items, rose above expectations to two point five percent. Experts believe the European Central Bank may raise policy rates next week.