|Year||Month||Year-on-year change (year-on-year % change)|
Price developments in special aggregates
In its initial estimate (also known as flash estimate), CBS includes price developments in so-called special aggregates. Four special aggregates together make up total domestic consumption expenditure according to the HICP: non-energy industrial goods; energy including motor fuels; food, beverages and tobacco; and services.
|August 2022 (%)||July 2022 (%)|
|Non-energy industrial goods||5.8||5.2|
|Energy including motor fuels||88.2||68.4|
|Food, beverages and tobacco||10.8||10.1|
HICP and CPI
CBS has been publishing two different inflation rates since 1996: One based on the Consumer Price Index (CPI) and one based on the Harmonised Index of Consumer Prices (HICP). In order to facilitate comparison between countries, EU member states calculate a consumer price index according to internationally agreed definitions and methods. The European Central Bank (ECB) uses the HICP to formulate its monetary policies in the euro area. In addition, most countries produce their own national consumer price index.
The main difference between the CPI and the HICP for the Netherlands is that, 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 rental property prices. However, this is not the only difference. The differences are further explained in a publication.