Netherlands Inflation Rate Up to 6-Month High

Dutch annual inflation rate accelerated to 1.1 percent in October of 2014 from 0.9 percent in September. The highest upward pressures came from housing, water and smartphone prices.

Year-on-year, private education cost recorded the highest increase (3.5 percent), followed by housing and utilities (2.9 percent) and hotels, cafes and restaurants (1.6 percent). Food prices rose at a faster 0.4 percent (0.1 percent in September); health cost accelerated slightly (up 0.5 percent following a 0.4 percent in the previous month) and prices of miscellaneous goods and services grew 1.5 percent, following a 1.2 percent increase in September. 

Communication prices fell at a slower 5 percent (-6.3 percent in September) and cost of clothing and footwear dropped 0.3 percent, the lowest decrease in four months. Fuel prices fell 0.9 percent.

On a monthly basis, consumer prices decreased 0.1 percent in October, after remaining flat in September. Yet, a rise in smartphone prices was not enough to offset a drop in fuel cost. 

Netherlands Inflation Rate Up to 6-Month High

Joana Taborda |
11/6/2014 9:26:22 AM