Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
Dutch NewsInflation eased slightly to 8.6% in June, but households continued to feel the pinch as food prices went up by 11.2% in the past year, official figures show. The statistics agency CBS said inflation was down from 8.8% in May and a peak of 9.7% in March, mainly because gas and electricity prices are rising less quickly than they were 12 months ago. The Netherlands still has one of the highest rates in the EU at 9.9%, down from 10.2% in May, but this is against a rising trend across the 27 countries, where the average rate of inflation went up from 8.1% to 8.6% in June. The higher cost of living is also starting to drive up wages, with an average pay rise of 3.8% in 17 collective bargaining deals concluded in June, according to employers’ association AWVN.