Dutch Inflation Rate Up to 3.1% in July

In July, Netherlands' annual inflation rate rose to 3.1 percent from 2.9 percent in June. The rise in inflation was broadly driven by rent prices which were up by 4.5 percent, the largest increase since July 1995.

Major upward pressures on the overall index came from housing, water and energy (up by 3.4 percent), transportation (3.3 percent), clothing and footwear (3.2 percent) and food and non-alcoholic beverages (3.1 percent).

The price indexes for private education (-2.5 percent) and communications (-1.3 percent) registered the only annual decreases. 

Dutch inflation according to the harmonized consumer price index fell to 3.1 percent. On a monthly basis, prices were up by 0.8 percent.

Dutch Inflation Rate Up to 3.1% in July

Nuno Fontes | nuno@tradingeconomics.com
8/8/2013 9:52:22 AM