Belgium’s Inflation Rate Drives Shoppers Across the Border to France
A recent report by FPS Finance has revealed that Belgium’s inflation rate has soared to 4.4% in January, making it one of the highest among its neighbouring countries. As a result, more and more Belgians are crossing the border into France to take advantage of lower prices and save up to 30% on certain products.
According to shoppers interviewed by press agency EBU, the cost of essential items such as food and groceries is significantly cheaper in France compared to Belgium. One shopper shared that they were able to purchase a month’s worth of food for almost 300 euros, a price they could never match back home. Another shopper highlighted the savings on items like olive oil, fish, and fruits, emphasizing that Belgian products are even cheaper in France.
The Roncq shopping center, located just 15 kilometers from Lille and 4 kilometers from the border, has become a popular destination for Belgian shoppers. Despite the additional costs for petrol to get there, Belgians are able to save an average of almost 30 euros on a shopping basket of 100 euros in France.
With inflation rates on the rise in Belgium and decreasing in neighbouring countries such as Germany, France, and the Netherlands, many Belgians are opting to shop abroad to stretch their budgets further. The trend of shopping across the border is likely to continue until Belgium’s inflation rate becomes more competitive with its neighbours.
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