Inflation in April down to 0 percent

According to the consumer price index (CPI), the inflation rate in the Netherlands was 0.0 percent in April. In March consumer prices were still 0.6 percent higher than one year previously. In January 2015 inflation also stood at 0.0 percent, the lowest rate since December 1987.

Inflation (CPI)
Inflation (CPI)
 CPI
2010 Jan0.8
2010 Feb0.8
2010 Mar1
2010 Apr1.1
2010 May1
2010 Jun0.8
2010 Jul1.6
2010 Aug1.5
2010 Sep1.6
2010 Oct1.6
2010 Nov1.6
2010 Dec1.9
2011 Jan2
2011 Feb1.9
2011 Mar2
2011 Apr2.1
2011 May2.3
2011 Jun2.3
2011 Jul2.6
2011 Aug2.6
2011 Sep2.7
2011 Oct2.6
2011 Nov2.6
2011 Dec2.4
2012 Jan2.5
2012 Feb2.5
2012 Mar2.5
2012 Apr2.4
2012 May2.1
2012 Jun2.1
2012 Jul2.3
2012 Aug2.3
2012 Sep2.3
2012 Oct2.9
2012 Nov2.8
2012 Dec2.9
2013 Jan3
2013 Feb3
2013 Mar2.9
2013 Apr2.6
2013 May2.8
2013 Jun2.9
2013 Jul3.1
2013 Aug2.8
2013 Sep2.4
2013 Oct1.6
2013 Nov1.5
2013 Dec1.7
2014 Jan1.4
2014 Feb1.1
2014 Mar0.8
2014 Apr1.2
2014 May0.8
2014 Jun0.9
2014 Jul0.9
2014 Aug1
2014 Sep0.9
2014 Oct1.1
2014 Nov1
2014 Dec0.7
2015 Jan0
2015 Feb0.2
2015 Mar0.4
2015 Apr0.6
2015 May1.1
2015 Jun1
2015 Jul1
2015 Aug0.8
2015 Sep0.6
2015 Oct0.6
2015 Nov0.7
2015 Dec0.7
2016 Jan0.6
2016 Feb0.6
2016 Mar0.6
2016 Apr0
 

Price developments mobile phones and banking services push inflation down

Price developments of mobile phones had a downward effect on inflation in April. Mobile phones were almost 15 percent cheaper than in April 2015. Services provided by banks were 10 percent cheaper on an annual basis. Banking account services became much cheaper for consumers.

Prices of holiday accommodations and airline fares also pushed down inflation because Easter 2016 was in March and Easter 2015 was in April. During public holidays and holiday periods, prices of these services are higher.

Inflation rate also lower excluding energy, food, alcohol and tobacco

As prices of energy and food products tend to vary considerably and alcohol and tobacco prices are frequently raised as a result of higher excise duty rates, inflation is also calculated excluding these product groups. According to this criterion, inflation fell to 0.6 percent in April. In March the rate was 1.3 percent.

Inflation (CPI) and price developments underlying clusters
Inflation (CPI) and price developments underlying clusters
 April 2016March 2016February 2016
Inflation00.60.6
Inflation excluding energy food, alcohol and tobacco0.61.31.3
Goods-0.6-0.4-0.3
Energy-8-8.1-7.3
Food, alcohol and tobacco1.21.41.2
Goods, excluding energy, food,alcohol and tobacco0.91.21.4
Services0.71.61.4

Inflation rate in the Netherlands equals eurozone rate

In addition to the consumer price index (CPI), CBS also publishes the European harmonised price index (HICP).

In April, the Dutch HICP inflation rate was -0.2 percent, versus 0.5 percent in March. The eurozone rate fell from 0.0 percent in March to -0.2 percent in April. In recent months the eurozone inflation has been negative more than once.

Inflation (HICP)|
Inflation (HICP)|
 HICP NetherlandsHICP eurozone
2010 Jan0.40.9
2010 Feb0.40.9
2010 Mar0.71.6
2010 Apr0.71.6
2010 May0.41.7
2010 Jun0.21.5
2010 Jul1.31.7
2010 Aug1.21.6
2010 Sep1.41.9
2010 Oct1.41.9
2010 Nov1.41.9
2010 Dec1.82.2
2011 Jan1.92.3
2011 Feb22.4
2011 Mar1.82.7
2011 Apr2.12.8
2011 May2.32.7
2011 Jun2.32.7
2011 Jul3.22.6
2011 Aug3.22.5
2011 Sep33
2011 Oct2.83
2011 Nov2.63
2011 Dec2.52.8
2012 Jan2.92.7
2012 Feb2.92.7
2012 Mar2.92.7
2012 Apr2.82.6
2012 May2.52.4
2012 Jun2.52.4
2012 Jul2.62.4
2012 Aug2.62.6
2012 Sep2.52.6
2012 Oct3.32.5
2012 Nov3.22.2
2012 Dec3.42.2
2013 Jan3.22
2013 Feb3.21.9
2013 Mar3.21.7
2013 Apr2.81.2
2013 May3.11.4
2013 Jun3.21.6
2013 Jul3.11.6
2013 Aug2.81.3
2013 Sep2.41.1
2013 Oct1.30.7
2013 Nov1.20.9
2013 Dec1.40.8
2014 Jan0.80.8
2014 Feb0.40.7
2014 Mar0.10.5
2014 Apr0.60.7
2014 May0.10.5
2014 Jun0.30.5
2014 Jul0.30.4
2014 Aug0.40.4
2014 Sep0.30.3
2014 Oct0.40.4
2014 Nov0.30.3
2014 Dec-0.1-0.2
2015 Jan-0.7-0.6
2015 Feb-0.5-0.3
2015 Mar-0.3-0.1
2015 Apr00
2015 May0.70.3
2015 Jun0.50.2
2015 Jul0.80.2
2015 Aug0.40.1
2015 Sep0.3-0.1
2015 Oct0.40.1
2015 Nov0.40.1
2015 Dec0.50.2
2015 Jan0.20.3
2015 Feb0.3-0.2
2015 Mar0.50
2015 Mrt-0.2-0.2

The HICP is calculated according to the European harmonised method to facilitate comparison between the various EU member states. Price index figures for the eurozone and the European Union as a whole are calculated on the basis of the HICPs of the separate member states. The European Central Bank uses these figures to formulate its monetary policy.

Unlike the CPI, the HICP does not take into account the costs related to home ownership. In the Dutch CPI, these costs are calculated on the basis of rent levels. Because the rent increase is higher than the average price increase of other goods and services, the CPI-based inflation rate is currently higher than the HICP-based inflation rate.

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