Dutch Inflation Eases to 1% in June

Dutch annual inflation rate slowed to 1 percent in June of 2015 from 1.1 percent in the previous month, mainly due to lower prices of air fares and accommodation.

Cost of air travel rose at a slower 2.3 percent year-on-year in June, following a 17 percent surge in May when more days off increased demand for leisure travel, thus resulting in higher prices. Cost of restaurants and cafes rose 1.6 percent in June (2.9 percent in May) and recreation and culture edged up 0.4 percent (1.2 percent in May) while prices of clothing and footwear fell 1.2 percent (-2.6 percent in May). 

In contrast, the biggest upward pressure came from prices of housing and utilities which rose 2.6 percent year-on-year (2.5 percent in May). In addition, cost of miscellaneous goods and services went up 2.3 percent (2.2 percent in May) and food rose 0.4 percent (0.3 percent in May).

Core inflation droped to 1.6 percent from 1.8 percent.

On a monthly basis, consumer prices decreased 0.4 percent, following a 0.2 percent rise in May.

The harmonized index fell to 0.5 percent on the year (0.7 percent in May) and to -0.6 percent from the previous month (0.2 percent in May). 

Dutch Inflation Eases to 1% in June

Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/9/2015 12:20:13 PM