Dutch inflation stood at 1.6 percent in October, equalling September’s inflation rate. Inflation has been stable for four months. Inflation is defined as the increase in the consumer price index (CPI) compared to the same month in the previous year.
Just like in September, the increase of prices for motor fuels, natural gas and tobacco bumped up the average price rise in October. With 1.2 percent, the rise of food prices was well below the inflation rate. Airline tickets, televisions, audio and video equipment and electricity were substantially cheaper than in October 2009.
The harmonised consumer price index (HICP) allows comparison between the inflation rates in the member states of the European Union (EU). According to the HICP, Dutch inflation remained stable at 1.4 percent in October. Eurostat, the European statistical office, calculated an inflation rate of 1.9 percent in the eurozone, i.e. 0.1 percentage points higher than in September.
More figures can be found in the dossier Business cycle.