The inflation rate in the Netherlands increased to 2.8 percent year-on-year in August 2019 from 2.5 percent in the previous month. This was the highest inflation rate since April, as prices rose faster for recreation and culture (1.5 pct vs 1.0 pct in July); furnishing and household equipment (2.0 pct vs 1.7 pct); restaurants and hotels (5.8 pct vs 5.3 pct); while clothing and footwear prices rebounded sharply (5.6 pct vs -0.3 pct). On the other hand, prices went up softer for: housing and utilities (3.6 pct vs 3.7 pct); transport (2.3 percent vs 2.5 pct), and food and non-alcoholic beverages (4.8 pct vs 4.9 pct). Meantime, annual core inflation, which excludes energy, food, alcohol, and tobacco surged to 2.5 percent in August from 1.9 percent in July. It marked the highest annual core inflation rate since September 2013. On a monthly basis, consumer prices increased 0.4 percent, after a 1 percent gain in the previous month. Inflation Rate in Netherlands averaged 3.21 percent from 1971 until 2019, reaching an all time high of 11.19 percent in November of 1974 and a record low of -1.30 percent in February of 1987.
Inflation Rate in Netherlands is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Netherlands to stand at 2.00 in 12 months time. In the long-term, the Netherlands Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.