In the first quarter of this year, collectively negotiated (CAO) wages increased by 1.8 percent. The wage increase is the highest since the end of 2009, but is still far below the level of inflation.
The latest figures released by Statistics Netherlands show that inflation fell marginally in March to 2.9 percent. In January and February, consumer prices were 3.0 percent up from one year previously.
The Dutch inflation rate was 2.9 percent in March, i.e. marginally lower than in January and February, when the rate was 3.0 percent.
The Dutch long-term interest rate based on the return of the most recent ten-year public loan, averaged 1.7 percent in March 2013. The interest rate was lower than in February (1.8 percent). In January and February, the interest rate had increased marginally.
The number of jobs of employees was 89 thousand (1.1 percent) lower in the fourth quarter of 2012 than twelve months previously. In the first three quarters of 2012, too, the number of jobs was lower than one year previously. The number of jobs lost grew in the course of the year.
Since October 2012, the Netherlands is among the countries with the highest inflation in the eurozone. This is largely due to increases in VAT, insurance tax and energy tax rates effective since last year.
The latest figures show that inflation was stable in February. In January as well as in February, consumer prices were 3 percent up from one year previously
The Dutch inflation rate was 3.0 percent in February, just as in January. Price developments of airline tickets had an upward effect on inflation in February, but this was offset by food price developments.
The Dutch long-term interest rate, based on the return of the most recent ten-year public loan, averaged 1.8 percent in February 2013, i.e. 0.1 of a percentage point up on January.
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January’s inflation rate climbed to 3.0 percent, the highest rate in more than four years.
The Dutch inflation rate was 3.0 percent in January. In November and December 2012, inflation stood at 2.8 and 2.9 percent respectively.
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The Dutch long-term interest rate, based on the return of the most recent ten-year public loan, averaged 1.7 percent in January 2013. In December 2012, the interest rate reached its lowest level in decades (1.6 percent).
Inflation on Bonaire rose to 2.7 percent in the fourth quarter of 2012. In the third quarter consumer prices were 2.3 percent higher than in the third quarter of 2011. On St Eustatius inflation remained unchanged at 4.6 percent. On Saba it fell from 3.0 to 2.4 percent.
Last year’s inflation rate averaged 2.5 percent. Motor fuel prices increased substantially. Consumer electronics and water became much cheaper. The average price increase of food products was 2.0 percent.
Collectively negotiated wages rose by 1.6 percent last year, i.e. 0.5 percentage points more than in 2011. The inflation rate over 2012 was 2.5 percent and has been above the increase in collectively agreed wages for the past thirty months.
The Dutch inflation rose slightly in December, to 2.9 percent. This is 0.1 of a percent point higher than in November.