Inflation slightly up in June

06/07/2006 09:30

Inflation in the Netherlands was 1.3 percent in June 2006. The provisional inflation rate for May 2006 has been adjusted from 1.3 percent to 1.2 percent, according to Statistics Netherlands’ consumer price index. The Netherlands is one of the countries with the lowest rate of inflation in the eurozone.

No notable price changes in June

Inflation rose from 1.2 percent in May to 1.3 percent in June. The main reason for this were price increases for fresh vegetables. In addition, developments in clothes prices had an upward effect on inflation. Although prices of clothes fell in June, as usual, the decrease was smaller than last year.

Price developments of motor fuels, on the other hand, had a downward effect on inflation. They did increase in June, but by less than in the same month last year.

Inflation according to European method remains 1.8 percent

Dutch inflation calculated according to the European harmonised method (HICP) came to 1.8 percent. This is the same level as in May. The Netherlands is still one of the countries with the lowest  inflation in the eurozone.

Eurostat, the Statistical Office of the European Union, expects inflation in the eurozone to be 2.5 percent in June. In May it was also 2.5 percent.