Inflation rate stable at 2.6 percent

The latest figures released by Statistics Netherlands show that the inflation rate remained stable in August. Consumer prices were on average 2.6 percent higher than one year previously, just as in July.

Automotive fuel, energy and tobacco prices have risen more rapidly over the past twelve months than the average price increase of 2.6 percent. The price increase of telephone and Internet services was also above average, whereas consumer electronics products were cheaper than one year ago.

According to the European harmonised method (HICP), the inflation rate in the Netherlands was 2.8 percent, i.e. 0.1 percentage points below the July level. The eurozone inflation rate continued at 2.5 percent.