Madhumitha Jaganmohan
Research expert covering climate and environmental sustainability
Get in touch with us nowThe inflation rates of various energy commodities in Belgium plummeted in the first half 2023. Gas saw a steep decrease, with the inflation rate standing at -74.3 percent in October 2023 after it had peaked in September 2022 at 129.9 percent. These developments occurred following Russia's invasion of Ukraine, which has been the cause of uncertainty over Europe's security of gas supply, as well as intense energy price volatility.
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