Inflation down slightly in June

According to Statistics Netherlands’ consumer price index, inflation fell to 1.7 percent in June 2007. In May consumer prices were on average 1.8 percent higher than twelve months previously.

Dutch inflation according to the harmonised method was 1.8 percent. This is 0.2 of a percentage point lower than in May.

Lower petrol prices

The fall in inflation was mainly caused by petrol prices. These fell in June this year, while last year they rose in the same month. Higher prices for telephone communication pushed inflation up, on the other hand.

Dutch inflation lower than eurozone

Dutch inflation calculated according to the European harmonised method (HICP) was 1.8 percent in June. In May Dutch inflation according to the HICP was still 2.0 percent.

According to a provisional estimate by Eurostat, inflation in the eurozone was 1.9 percent in June. This puts Dutch inflation slightly below the eurozone average again.