Consumer prices 1.4 percent up in August

The consumer price index (CPI) is an important indicator for inflation, but not the only one. It is an index for price changes in a basket of consumer goods and services, such as groceries, clothing, petrol, rent and insurance premiums. Inflation is a broader term which covers more than consumer goods and services; for example, prices of owner-occupied houses, manufactured products, shares and gold are also subject to change.
CPI | |
---|---|
2012 Jan | 2.5 |
2012 Feb | 2.5 |
2012 Mar | 2.5 |
2012 Apr | 2.4 |
2012 May | 2.1 |
2012 Jun | 2.1 |
2012 Jul | 2.3 |
2012 Aug | 2.3 |
2012 Sep | 2.3 |
2012 Oct | 2.9 |
2012 Nov | 2.8 |
2012 Dec | 2.9 |
2013 Jan | 3 |
2013 Feb | 3 |
2013 Mar | 2.9 |
2013 Apr | 2.6 |
2013 May | 2.8 |
2013 Jun | 2.9 |
2013 Jul | 3.1 |
2013 Aug | 2.8 |
2013 Sep | 2.4 |
2013 Oct | 1.6 |
2013 Nov | 1.5 |
2013 Dec | 1.7 |
2014 Jan | 1.4 |
2014 Feb | 1.1 |
2014 Mar | 0.8 |
2014 Apr | 1.2 |
2014 May | 0.8 |
2014 Jun | 0.9 |
2014 Jul | 0.9 |
2014 Aug | 1 |
2014 Sep | 0.9 |
2014 Oct | 1.1 |
2014 Nov | 1 |
2014 Dec | 0.7 |
2015 Jan | 0 |
2015 Feb | 0.2 |
2015 Mar | 0.4 |
2015 Apr | 0.6 |
2015 May | 1.1 |
2015 Jun | 1 |
2015 Jul | 1 |
2015 Aug | 0.8 |
2015 Sep | 0.6 |
2015 Oct | 0.6 |
2015 Nov | 0.7 |
2015 Dec | 0.7 |
2016 Jan | 0.6 |
2016 Feb | 0.6 |
2016 Mar | 0.6 |
2016 Apr | 0 |
2016 May | 0 |
2016 Jun | 0 |
2016 Jul | -0.2 |
2016 Aug | 0.2 |
2016 Sep | 0.1 |
2016 Oct | 0.4 |
2016 Nov | 0.6 |
2016 Dec | 1 |
2017 Jan | 1.7 |
2017 Feb | 1.8 |
2017 Mrt | 1.1 |
2017 Apr | 1.6 |
2017 May | 1.1 |
2017 June | 1.1 |
2017 July | 1.3 |
2017 Aug | 1.4 |
Clothing and petrol up in price
The year-on-year increase in consumer prices over August was higher than in July. This is mainly due to price developments of clothing and motor fuels. On an annual basis, clothing and fuel prices rose more sharply than in July.
Airplane tickets were more expensive than usual in July because of a record number of passengers. On the other hand, passenger flights were cheaper year-on-year in August , which had a downward effect on the consumer price index.
The average housing rent increase stood at 1.6 percent in July 2017, versus 1.9 percent in July 2016.
July 2017 | August 2017 | |
---|---|---|
Total | 1.33 | 1.38 |
Food and non alcoholic beverages | 0.38 | 0.41 |
Housing, water and energy | 0.42 | 0.39 |
Restaurants and hotels | 0.31 | 0.28 |
Transport | 0.18 | 0.21 |
Recreation and culture | 0.18 | 0.16 |
Miscellaneous goods and services | 0.09 | 0.06 |
Consumption abroad | 0.07 | 0.05 |
Clothing and footwear | -0.1 | 0 |
Communication | -0.24 | -0.25 |
Rise in Dutch consumer prices equal to eurozone
In addition to the consumer price index (CPI), CBS also calculates the European harmonised price index (HICP).
Similar to July, HICP-based prices in the Netherlands in August were up 1.5 percent year-on-year. Across the eurozone, prices rose by 1.3 percent in July and 1.5 percent in August. This means Dutch prices increased increased at the same rate as in the eurozone.
The Netherlands | Euro area | |
---|---|---|
2012 Jan | 2.9 | 2.7 |
2012 Feb | 2.9 | 2.7 |
2012 Mar | 2.9 | 2.7 |
2012 Apr | 2.8 | 2.6 |
2012 May | 2.5 | 2.4 |
2012 Jun | 2.5 | 2.4 |
2012 Jul | 2.6 | 2.4 |
2012 Aug | 2.6 | 2.6 |
2012 Sep | 2.5 | 2.6 |
2012 Oct | 3.3 | 2.5 |
2012 Nov | 3.2 | 2.2 |
2012 Dec | 3.4 | 2.2 |
2013 Jan | 3.2 | 2 |
2013 Feb | 3.2 | 1.9 |
2013 Mar | 3.2 | 1.7 |
2013 Apr | 2.8 | 1.2 |
2013 May | 3.1 | 1.4 |
2013 Jun | 3.2 | 1.6 |
2013 Jul | 3.1 | 1.6 |
2013 Aug | 2.8 | 1.3 |
2013 Sep | 2.4 | 1.1 |
2013 Oct | 1.3 | 0.7 |
2013 Nov | 1.2 | 0.9 |
2013 Dec | 1.4 | 0.8 |
2014 Jan | 0.8 | 0.8 |
2014 Feb | 0.4 | 0.7 |
2014 Mar | 0.1 | 0.5 |
2014 Apr | 0.6 | 0.7 |
2014 May | 0.1 | 0.5 |
2014 Jun | 0.3 | 0.5 |
2014 Jul | 0.3 | 0.4 |
2014 Aug | 0.4 | 0.4 |
2014 Sep | 0.3 | 0.3 |
2014 Oct | 0.4 | 0.4 |
2014 Nov | 0.3 | 0.3 |
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 Apr | 0 | 0 |
2015 May | 0.7 | 0.3 |
2015 Jun | 0.5 | 0.2 |
2015 Jul | 0.8 | 0.2 |
2015 Aug | 0.4 | 0.1 |
2015 Sep | 0.3 | -0.1 |
2015 Oct | 0.4 | 0.1 |
2015 Nov | 0.4 | 0.1 |
2015 Dec | 0.5 | 0.2 |
2016 Jan | 0.2 | 0.3 |
2016 Feb | 0.3 | -0.2 |
2016 Mar | 0.5 | 0 |
2016 Apr | -0.2 | -0.2 |
2016 May | -0.2 | -0.1 |
2016 Jun | -0.2 | 0.1 |
2016 Jul | -0.6 | 0.2 |
2016 Aug | 0.1 | 0.2 |
2016 Sep | -0.1 | 0.4 |
2016 Oct | 0.3 | 0.5 |
2016 Nov | 0.4 | 0.6 |
2016 Dec | 0.7 | 1.1 |
2017 Jan | 1.6 | 1.8 |
2017 Feb | 1.7 | 2 |
2017 Mar | 0.6 | 1.5 |
2017 Apr | 1.4 | 1.9 |
2017 May | 0.7 | 1.4 |
2017 Jun | 1 | 1.3 |
2017 July | 1.5 | 1.3 |
2017 Aug | 1.5 | 1.5 |
The HICP is compiled according to the European harmonised method in order to facilitate comparison between the various EU member states. Price indices for the eurozone and the European Union as a whole are calculated on the basis of the HICPs of the individual member states. The European Central Bank (ECB) 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.
Sources
- StatLine - Consumer prices
Related items
- Dossier - Business Cycle