|Year||Month||Year-on-year change (year-on-year % change)|
Increase in clothing prices
Price developments of clothing had an upward effect on inflation, just as in the previous month. In October, clothes were 3.2 percent more expensive than one year previously. In September, prices were 0.1 percent higher year-on-year. Clothing prices are seasonal. Sales are common in the summer and after Christmas, usually followed by the release of new collections.
|October (percentage point)||September (percentage point)|
|Alcoholic beverages and |
|Miscellaneous goods |
|Restaurants and hotels||0.24||0.18|
|Clothing and shoes||0.21||0.08|
|Housing, water and |
|Recreation and culture||0.16||0.13|
|Food and non-alcoholic |
Inflation in Europe remains negative
Aside from the consumer price index (CPI), CBS also calculates the European harmonised index of consumer prices (HICP).
In October, HICP-based prices of goods and services in the Netherlands were 1.2 percent up year-on-year, versus 1.0 percent in September. The inflation rate in the eurozone remained at -0.3 percent.
|year||month||The Netherlands (year-on-year % change)||Euro area (year-on-year % change)|
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 developments in rental property prices.
Implications of the coronavirus crisis for consumer price measurements in October
Due to coronavirus-related government measures, in October the full extent of services by e.g. airlines and events was limited or unavailable. As a consequence, there were no transactions for many of these services for which prices could be measured. In line with guidelines from Eurostat, the statistical office of the European Union, CBS chose the most appropriate estimation method for each situation. The product groups within which prices had to be estimated due to coronavirus measures account for around 4 percent of consumptive expenditure. All choices are explained in a note and in a table is indicated per product group if an estimate had to be made.