Average annual inflation rate of consumer prices at +1.4% in 2020 (HICP: 1.4%)


The average annual inflation rate of consumer prices (CPI 2015) amounted to +1.4% in 2020. This was a little below the level of 2019 (+1.5%) and noticeably below 2018 (+2.0%) and 2017 (+2.1%). Prices for housing, water and energy (+2.3% compared to 2019) were the most important price driver, followed by prices for restaurants and hotels (+3.1%). Heavily discounted fuel prices had a strong price dampening impact on the 2020 inflation rate, while 2019 has seen a moderate decline in fuel prices. On the other hand, food price increases were twice as high as in 2019.


New passenger car registrations decreased by one fourth in 2020; two-wheelers and passenger cars with alternative drive systems showed significant increases


A total of 353 179 new motor vehicles were registered in 2020, 19.0% fewer than in 2019. New registrations of passenger cars decreased by 24.5% to 248 740. The number of newly registered lorries fell by 16.7% to 40 042. Tractors used for agriculture and forestry increased again in 2020 (+6.9%, 6 446 vehicles). New registrations of two-wheelers also increased significantly (+13.4% to 46 099).


Increasing costs in almost all construction branches in December 2020


The construction cost index (CCI 2015) for construction of residential buildings reached 110.2 index points in December 2020. This represents an increase of 1.9% against December 2019. Compared to November 2020, the index increased by 0.4%.



 CPI 2015

Inflation Year 20201.4%

Inflation Dec. 20201.2%

Index Year 2020108.2

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Maastricht EDP Indicators

Government surplus 190.7%

Government debt 1970.5%

HICP 191.5%

Long term interest rate 190.06%