The inflation rate in the Netherlands increased to 2.7 percent year-on-year in June 2019 from 2.4 percent in the previous month, as prices rose at faster pace for: transport (2.5 percent vs 2.2 percent in May); food and non-alcoholic beverages (4.5 percent vs 3.5 percent); restaurants and hotels (4.9 percent vs 3.9 percent), and recreation and culture (2.3 percent vs 1.8 percent). On the other hand, prices went up softer for both housing and utilities (4.0 percent vs 4.2 percent) and furnishing and household equipment (0.2 percent vs 1.3 percent). In addition, clothing and footwear prices declined less than a month earlier (-0.7 percent vs -1.7 percent). Annual core inflation, which excludes energy, food, alcohol, and tobacco increased to 1.9 percent in June from 1.6 percent in May. On a monthly basis, consumer prices edged down 0.1 percent, the same pace as 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 2.30 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 1.60 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.