Inflation down

15/05/2008 15:00

Dutch inflation was 2.0 percent in April. This is 0.2 of a percent point lower than in March. Inflation was tempered mainly by developments in prices of petrol, flowers and plants. Inflation is calculated as the increase of the consumer price index (CPI) compared with the same month in the previous year.

Higher prices for food and non-alcoholic drinks contributed 0.6 of a percent point to April inflation. The increase in the costs of transport contributed 0.5 of a percent point. On the other hand, price developments for recreation and culture and for communication had a downward effect of 0.3 and 0.2 of a percent point respectively.

The harmonised consumer price index (HICP) allows comparison between the member states of the European Union. The Dutch inflation rate calculated according to this method was 1.7 percent in April. This is 0.2 of a percent point lower than in March. Dutch inflation was considerably lower than the eurozone average. According to Eurostat, the statistical bureau of the EU, the eurozone inflation rate was 3.3 percent in April.

Dutch inflation

Dutch inflation