Consumer prices in the Netherlands rose 1.6% year-on-year in November 2023, confirming initial and market estimates and following a 0.4% fall in October. Prices went down at a slower pace for housing & utilities (-6.2% vs -14.0% in October), as costs decreased less for energy prices. Meanwhile, inflation slowed for food & non-alcoholic beverages (6.2% vs 7.8% in October), transport (2.9% vs 4.0%), recreation & culture (3.6% vs 5.0%), and upholstery, household maintenance & appliances (1.6% vs 2.8%). At the same time, the harmonized CPI, which is used to compare with other EU member states, grew 1.4% from a year earlier, after a prior 1.0% drop. On a monthly basis, consumer prices declined 1.0%, the largest decrease since January. source: Statistics Netherlands
Inflation Rate in Netherlands increased to 1.60 percent in November from -0.40 percent in October of 2023. Inflation Rate in Netherlands averaged 3.30 percent from 1971 until 2023, reaching an all time high of 14.50 percent in September 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 January of 2024.
Inflation Rate in Netherlands increased to 1.60 percent in November from -0.40 percent in October of 2023. Inflation Rate in Netherlands is expected to be 1.40 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 1.10 percent in 2024 and 0.80 percent in 2025, according to our econometric models.
Netherlands Inflation Rate
In Netherlands, the most important categories in the consumer price index are: housing, water, electricity and gas (24.5 percent of the total weight); transport (11.6 percent) and food and non-alcoholic beverages (11.3 percent). The index also includes: recreation and culture (10.3 percent); furnishing and household equipment (6 percent); clothing and footwear (4.9 percent); hotels and restaurants (4.2 percent); communication (3.3 percent) and alcoholic beverages and tobacco (3.1 percent). Health, education and other goods and services account for the remaining 20.8 percent of total weight.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 1.60 | -0.40 | 14.50 | -1.30 | 1971 - 2023 | percent | Monthly | 2015=100 |
News Stream
Dutch Inflation Rate Confirmed at 1.6% in November
Consumer prices in the Netherlands rose 1.6% year-on-year in November 2023, confirming initial and market estimates and following a 0.4% fall in October. Prices went down at a slower pace for housing & utilities (-6.2% vs -14.0% in October), as costs decreased less for energy prices. Meanwhile, inflation slowed for food & non-alcoholic beverages (6.2% vs 7.8% in October), transport (2.9% vs 4.0%), recreation & culture (3.6% vs 5.0%), and upholstery, household maintenance & appliances (1.6% vs 2.8%). At the same time, the harmonized CPI, which is used to compare with other EU member states, grew 1.4% from a year earlier, after a prior 1.0% drop. On a monthly basis, consumer prices declined 1.0%, the largest decrease since January.
2023-12-12
Dutch Consumer Prices Up 1.6% YoY in November
Consumer prices in the Netherlands rose 1.6% year-on-year in November 2023, following a 0.4% fall in the previous month, preliminary estimates showed. Prices continued to drop for energy, including fuels (-25.3% vs -40.2% in October), although at a slower pace. Meanwhile, inflation eased for industrial goods (2.6% vs 3.4%), food, beverages, and tobacco (7.3% vs 8.7%), and services (4.0% vs 4.7%). The harmonized CPI, which is used to compare with other EU member states, is likely to increase 1.4% from a year earlier, after a prior 1.0% decline. On a monthly basis, consumer prices are likely to go down 1.1%.
2023-11-30
Dutch Consumer Prices Fall 0.4% YoY in October
Consumer prices in the Netherlands fell 0.4% year-on-year in October 2023, confirming initial and market estimates and following a 0.2% rise in the previous month. It was the first decline since July 2016, mainly driven by the further decrease in prices for housing & utilities (-14.0% vs -13.6% in September), due to a high base effect on energy costs last year. At the same time, inflation slowed for food & non-alcoholic beverages (7.8% vs 9.3%), clothing & footwear (2.2% vs 5.2%), transport (4.0% vs 5.1%), and recreation & culture (5.0% vs 5.4%). Meanwhile, the harmonized CPI, which is used to compare with other EU member states, went down by 1.0% from a year earlier, pointing to the second consecutive period of decline after a prior 0.3% fall. On a monthly basis, consumer prices grew 0.4%, following a 0.4% drop in September.
2023-11-07
