Inflation rate considerably down to 2.6 percent

  • Petrol cheaper
  • Food products also have downward effect on inflation
  • Eurozone inflation rate further down

The Dutch inflation rate fell substantially in April to 2.6 percent, reaching the lowest level over the past six months. In March consumer prices were on average 2.9 percent up from one year previously, according to the most recent figures released by Statistics Netherlands.

Lower petrol prices in particular had a downward effect on inflation. The average price of one litre of Euro95 was 1.74 euros in April, i.e. 3 cents cheaper than in March. In April 2012, the average price for consumers at the petrol station was 1.81 euros. Price developments in the food sector also had a downward effect on inflation.

Dutch inflation calculated according to the European harmonised method (HICP) dropped from 3.2 percent in March to 2.8 percent in April, but is still well above the eurozone inflation level which dropped 0.5 percentage points in April to 1.2 percent, the lowest level in the eurozone since February 2010.