Tag: inflation

Money money money: the National Bank of Belgium in close-up.

On the 11th May 2017, the students of the BIMSEM in Mechlin visited our temporary museum. Following up is an article about the guided tour written by one of the young pupils.

Assignats: currency from the French Revolution

It’s written in the history book: printing more money has never solved an economic crisis.

Inflation Island game

Do you know the difference between deflation, price stability, high inflation and hyperinflation? Find out on Inflation Island.

Everybody a billionaire?!

The Museum of the National Bank of Belgium has several inflationary notes on display. The most remarkable ones are the 500 billion dinar note of former Yugoslavia and that of 1 million trillion Hungarian pengö (or 1 followed by 18 noughts!).

The consumer price index

Although frequent subject in the news, the notions of purchasing power and inflation are not any easier to understand. In Room 14 of the Museum you can see how prices have changed for a selection of items (bread, meat, milk, beer and coal/oil) and, in parallel, the development of the average hourly wages of a worker, from 1860 until the present day. The table showing the evolution of prices is based on a principle similar to that used for the consumer price index (CPI) .