Dutch inflation rate unchanged

Dutch inflation stood at 1.6 percent in November, equalling October’s inflation rate. Inflation has been stable for five months. Inflation is defined as the increase in the consumer price index (CPI) compared to the same month in the previous year.

The price development of clothes had a small upward effect on inflation. Clothes were somewhat cheaper than one year previously, but the price drop was less substantial than in October. The price development of petrol, on the other hand, had a small downward effect. Petrol was much more expensive than one year previously, but the price increase was less substantial than in the preceding month.

With 0.4 percentage points, housing, energy and water contributed most to inflation, followed by the transport sector (0.3 percentage points). Audio and video equipment, computers and software, on the other hand, were cheaper than one year previously. This had a downward effect of 0.1 percentage points.

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 November. Eurostat, the European statistical office, calculated an inflation rate of 1.9 percent in the Eurozone, just as in the preceding month.

For more information on Dutch inflation, see Statistics Netherlands’ online video on YouTube.

Dutch inflation

Dutch inflation

More figures can be found in dossier Business Cycle.