The Netherlands' annual inflation rate surged to 12.0% in August 2022 from 10.3% a month earlier. It was the quickest rise in consumer prices since the series began in 1971, mainly boosted by higher prices in energy (151.4% vs 108%), largely due to electricity (149.6%), gas (170.1%). Also, prices of food and non-alcoholic beverages rose the most on record (13.0% vs 12.2% in July), largely due to oils & fats, milk, cheese and eggs; and coffee, tea, and cocoa. Additional upward pressures also came from prices of housing (22.7% vs 16.8%), clothing and footwear (3.3% vs 1.9%), furnishings & household equipment (8.8% vs 8.6%), and recreation & culture (4.0% vs 4.3%). The annual core inflation, which excludes energy, food, alcohol, and tobacco climbed to a new record high of 5.0% in August from July’s of 4.9%. On a monthly basis, consumer prices were up by 2.0% in August, following a 2.1% rise in July, which was the highest inflation rate since April 1976. source: Statistics Netherlands
Inflation Rate in Netherlands averaged 3.23 percent from 1971 until 2022, reaching an all time high of 12 percent in August of 2022 and a record low of -1.30 percent in February of 1987. This page provides - Netherlands Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Netherlands Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Inflation Rate in Netherlands is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Netherlands Inflation Rate is projected to trend around 3.60 percent in 2023 and 2.60 percent in 2024, according to our econometric models.