Dutch Inflation Rate at 4-Month High

Netherlands annual inflation rate rose for the third straight month to 0.6 percent in April of 2015 from 0.4 percent in the previous month, mainly driven by higher phone prices and steady housing and utilities’ cost.

Year-on-year, the highest upward pressures came from prices of housing and utilities, up 0.6 percent, the same rate as in the previous two months. Prices of food and non-alcoholic beverages prices were flat while communication cost fell at a slower 0.1 percent (-0.2 percent in March). Phones were more expensive in April as there are more new models priced higher than the predecessors.

In contrast, downward pressures came from cost of recreation and culture (-0.1 percent from 0.0 percent in March) while transport prices dropped at a faster 0.3 percent (from -0.2 percent).

Core inflation increased 0.1 percent to 1.1 percent.

On a monthly basis, consumer prices increased 0.6 percent, slowing from a 1.1 percent rise in March.

The harmonized consumer price index was flat on the year through April, after falling 0.3 percent in the previous month while the monthly rate slowed to 0.8 percent from 1.3 percent. 

Dutch Inflation Rate at 4-Month High

Joana Taborda | joana.taborda@tradingeconomics.com
5/7/2015 8:55:32 AM