Petrol and clothes push down inflation to 0.8 percent

  • Petrol prices push down inflation
  • Summer sales start earlier
  • Inflation also down in eurozone

According to figures from Statistics Netherlands, inflation fell to 0.8 percent in June. This is 0.2 of a percent point lower than in May. Inflation has been hovering around the 1 percent mark for six months now.

The fall in June inflation was caused mainly by developments in petrol prices. Although petrol cost  6.9 percent more in June than in the same month last year, in May it cost 11.5 percent more than twelve months previously.

Clothes were 3.1 percent cheaper in June than in the same month last year. The summer sales started slightly earlier this year.

Dutch inflation calculated according to the European harmonised method (HICP) fell to 0.2 percent. According to Eurostat’s estimate, inflation in the eurozone fell to 1.4 percent in June. This puts it at a significantly higher level than in the Netherlands.