CBS preliminary estimate: Dutch inflation rises to 4.1 percent in December
2 days, 17 hours ago

CBS preliminary estimate: Dutch inflation rises to 4.1 percent in December

NL Times  

Inflation in the Netherlands rose to 4.1 percent in December, according to a preliminary estimate by Statistics Netherlands. The preliminary HICP for the Netherlands showed inflation at 3.9 percent in December, up slightly from 3.8 percent in November. Monthly inflation rates for 2024 showed a gradual increase over the year, starting at 3.2 percent in January and reaching 4.1 percent in December. For November 2024, Eurostat reported eurozone inflation at 2.4 percent, significantly lower than the Netherlands’ HICP of 3.8 percent during the same month.

Inflation Price Hicp Netherlands Cbs  estimate  rates  price  data  2024  yearonyear  inflation  netherlands  cbs  cpi  41  increase  dutch  rises  hicp  preliminary

History of this topic

CBS: Inflation hits 4% in November, matching preliminary estimates
3 weeks, 4 days ago

CBS: Inflation hits 4% in November, matching preliminary estimates

NL Times  

Consumer prices in the Netherlands rose by 4.0 percent in November compared to a year earlier, according to data confirmed by the Central Bureau of Statistics. This figure aligns with the preliminary estimate released on November 29 and marks an increase from October’s 3.5 percent inflation rate. While fuel prices were still 1.5 percent lower than a year earlier, the …

Dutch economy should grow 1.5% next year, but inflation will remain high, says ABN Amro
1 month, 1 week ago

Dutch economy should grow 1.5% next year, but inflation will remain high, says ABN Amro

NL Times  

The Dutch economy will continue to grow in the next two years although the pace of this will slow slightly. American import duties will slow the growth somewhat in the second half of next year. In 2025, growth will reach 1.5 percent, after which this will slow down due to the introduction of American import duties. But historically high wage …

Dutch inflation jumped to 4 percent in November
1 month, 1 week ago

Dutch inflation jumped to 4 percent in November

NL Times  

Inflation in the Netherlands rose sharply in November to 4 percent on an annual basis, Statistics Netherlands reported in a quick estimate. Food, beverages, and tobacco prices rose sharply again this month by 6.2 percent compared to a year earlier. Dutch inflation based on the European harmonized calculation method rose to 3.8 percent in November, from 3.3 percent in October. …

Dutch economy grew 0.8 percent in third quarter
1 month, 3 weeks ago

Dutch economy grew 0.8 percent in third quarter

NL Times  

The Dutch economy grew by 0.8 percent in the third quarter of this year compared to the previous quarter, Statistics Netherlands reported on Thursday based on an initial calculation for the months of July to September. It also adjusted growth in the second quarter slightly higher: instead of 1 percent, the gross domestic product increased by 1.1 percent in that …

Inflation stable at 2.7 percent in May
7 months, 1 week ago

Inflation stable at 2.7 percent in May

NL Times  

Inflation in the Netherlands amounted to 2.7 percent in May, Statistics Netherlands reported in a quick estimate. Industrial goods, excluding energy and motor fuels, saw a price decline of 1.8 percent, compared to a decline of 0.8 percent in April. Dutch inflation based on the European harmonized method was 2.7 percent in May, compared to 2.6 percent in April. Nevertheless, …

Dutch inflation rate falls to 3.8 percent in 2023, compared to 10 percent in 2022
1 year ago

Dutch inflation rate falls to 3.8 percent in 2023, compared to 10 percent in 2022

NL Times  

The annual inflation rate in the Netherlands was estimated at 3.8 percent in 2023, according to the first calculation from Statistics Netherlands. In December, this rate of inflation was still 3.4 percent, compared to 4.2 percent a month earlier and 8.1 percent at the peak in February and March. In December, inflation including the energy bill amounted to 1.2 percent …

Dutch stats office confirms inflation reversal of -0.4% despite food price hike of 8%
1 year, 2 months ago

Dutch stats office confirms inflation reversal of -0.4% despite food price hike of 8%

NL Times  

Statistics Netherlands confirmed that the Netherlands saw consumer prices drop by 0.4 percent in October. Food prices were still 7.9 percent higher than a year ago, the stats office said. “The fact that inflation was negative in October is entirely because energy prices were particularly high in October 2022,” CBS said. “Excluding energy, inflation was 5.1 percent.” The price development …

Dutch economic growth projections slashed in revised European forecast
1 year, 3 months ago

Dutch economic growth projections slashed in revised European forecast

NL Times  

The European Commission has significantly lowered expectations for economic growth in the Netherlands this year. In its summer forecast, the executive body of the European Union now says it expects growth of just 0.5 percent for the Netherlands in 2023. Because many wages have now been significantly increased and inflation is gradually decreasing, consumption will not decline further in the …

Dutch economy to grow slightly this year despite recession: ABN Amro
1 year, 4 months ago

Dutch economy to grow slightly this year despite recession: ABN Amro

NL Times  

ABN Amro expects the Dutch economy to grow slightly by 0.5 percent this year. Rising interest rates due to central bank interest rate increases also have a slowing effect because, for example, it makes borrowing more expensive. In addition, the European Central Bank’s target for inflation of 2 percent remains out of sight, according to ABN Amro. ABN Amro also …

Inflation falls to 3% in August but "shrinkflation" seen in food
1 year, 4 months ago

Inflation falls to 3% in August but "shrinkflation" seen in food

Dutch News  

Inflation has fallen to 3% in August thanks largely to a dramatic drop in fuel prices, reports the CBS Dutch statistics office. Since June, the CBS has used a new method to work out inflation – although it is plotting the figures from the different calculation on the same chart. The new method was intended to more accurately reflect the …

Inflation falls to 3% in August but "shrinkflation" seen in food
1 year, 4 months ago

Inflation falls to 3% in August but "shrinkflation" seen in food

Dutch News  

Inflation has fallen to 3% in August thanks largely to a dramatic drop in fuel prices, reports the CBS Dutch statistics office. Since June, the CBS has used a new method to work out inflation – although it is plotting the figures from the different calculation on the same chart. The new method was intended to more accurately reflect the …

Dutch inflation rate is a “fake reality,” says Rabobank economist
1 year, 4 months ago

Dutch inflation rate is a “fake reality,” says Rabobank economist

NL Times  

The inflation figure published by Statistics Netherlands on Thursday does not match what people are actually feeling at this moment, said Rabobank RaboResearch economist Hugo Erken. “It’s a fake reality.” Provisional figures about annual inflation for August were published by Statistics Netherlands on Thursday. The statistics office now also uses the rates for longer-term contracts, and is not adjusting old …

Netherlands inflation increased to 5.2% in April
1 year, 8 months ago

Netherlands inflation increased to 5.2% in April

NL Times  

The rate at which prices are rising in the Netherlands increased again in April compared to a month earlier. Statistics Netherlands reported in a quick first estimate that inflation amounted to 5.2 percent last month. The average price increase of supermarket products was 13.2 percent last month, compared to 15.1 percent in March. To easily compare with other European countries, …

Collective wages increased significantly, but still less than inflation
1 year, 9 months ago

Collective wages increased significantly, but still less than inflation

NL Times  

Wage increases in the collective bargaining agreements reached a new peak in the first quarter of 2023. But based on the currently available figures - January, February, and a first estimate for March - inflation amounted to around 6.6 percent in the first quarter. At 5.0 percent, the collectively bargained-for wage increase was almost twice as high as in the …

Big drop in annual inflation; Down to 4.4% in March
1 year, 9 months ago

Big drop in annual inflation; Down to 4.4% in March

NL Times  

The rate at which prices are rising in the Netherlands fell sharply in March compared to a month earlier. Statistics Netherlands reported in a first estimate that inflation amounted to 4.4 percent this month. Prices of industrial goods rose by 8.8 percent, compared to 8.7 percent in February. To make a good comparison with other European countries, CBS also calculated …

Households' disposable income grew 2% last year, despite inflation
1 year, 9 months ago

Households' disposable income grew 2% last year, despite inflation

NL Times  

Despite the high inflation, households in the Netherlands’ real disposable income increased by 2.0 percent last year compared to 2021. Inflation amounted to 10 percent last year, but higher wages and government support for the high energy prices counteracted that. Collectively bargained wages increased 3.3 percent last year, and mixed-income was 9.7 percent higher than twelve months earlier. According to …

Inflation to remain high, economic growth will slow down, economists say
1 year, 9 months ago

Inflation to remain high, economic growth will slow down, economists say

NL Times  

Inflation in the Netherlands will remain stubbornly high, Rabobank economists noted in a new report about the Dutch economy. The economists said their forecasts are subject to uncertainty as “it is difficult to predict oil, gas, and electricity prices due to their volatility, and we cannot know for certain whether the government will support households and businesses next year, and …

Inflation climbing again; Up to 8 percent in February
1 year, 10 months ago

Inflation climbing again; Up to 8 percent in February

NL Times  

The rate at which prices are rising in the Netherlands increased in February compared to a month earlier. Inflation amounted to 8 percent last month, Statistics Netherlands reported in a quick first estimate. The average price increase of supermarket products was 15.1 percent last month, compared to 14.5 percent in January. To easily compare its figures with other European countries, …

Annual inflation rate fell for 4th straight month to 7.6 percent
1 year, 11 months ago

Annual inflation rate fell for 4th straight month to 7.6 percent

NL Times  

Inflation in the Netherlands dropped to 7.6 percent in January, the fourth consecutive month of lower inflation than the month before, Statistics Netherlands reported on Thursday. “In January 2023, energy was 3.4 percent cheaper than in the same month last year. In December 2022, energy was still 52 percent more expensive than one year previously.” Energy is a significant contributor …

Inflation dropped to 7.6 percent in January
1 year, 11 months ago

Inflation dropped to 7.6 percent in January

NL Times  

The pace at which prices are rising in the Netherlands decreased again in January compared to a month earlier. Inflation fell to 7.6 percent last month, Statistics Netherlands reported in a first estimate. Prices for these products increased 14.5 percent on average last month, compared to 14 percent in December. In order to make a good comparison with other European …

Big drop in inflation: 11.2% in November
2 years, 1 month ago

Big drop in inflation: 11.2% in November

NL Times  

The rate at which prices are rising in the Netherlands dropped sharply in November compared to the previous month. Inflation was still high, with daily life becoming 11.2 percent more expensive this month than a year earlier, Statistics Netherlands reported based on the European harmonized method. European Central Bank president Christine Lagarde warned earlier this week that inflation is unlikely …

Gloomier outlook for Dutch economy from OECD; Inflation to remain high till 2024
2 years, 1 month ago

Gloomier outlook for Dutch economy from OECD; Inflation to remain high till 2024

NL Times  

The Dutch economy will grow less than previously estimated, mainly due the inflation, which will remain high until at least the end of 2024, the Organization for Economic Cooperation and Development warned in its annual report for the Netherlands, NOS reports. Despite a 0.2 percent contraction in the third quarter, the OECD expects the Dutch economy to grow by 4.2 …

Inflation dropped to 14.3% in October
2 years, 2 months ago

Inflation dropped to 14.3% in October

NL Times  

According to Statistics Netherlands’ own calculation, inflation in the Netherlands fell slightly to 14.3 percent in October from 14.5 percent in September. According to CBS, energy - gas, electricity, and district heating - was 173 percent more expensive in October than in the same month a year earlier. In addition to the general inflation figure, CBS also calculated what inflation …

Dutch inflation climbs to record 12%
2 years, 4 months ago

Dutch inflation climbs to record 12%

NL Times  

Inflation in the Netherlands rose to 12 percent in August, from 10.3 percent a month earlier. The ever-rising inflation puts pressure on the European Central Bank to raise interest rates even more. Several bank policymakers, including President Klaas Knot of De Nederlandsche Bank and Joachim Nagel of the Bundesbank, have argued for a stronger interest rate hike against the high …

Dutch inflation jumps to 13.6%; To remain high for a while: DNB president
2 years, 4 months ago

Dutch inflation jumps to 13.6%; To remain high for a while: DNB president

NL Times  

Daily life in the Netherlands was 13.6 percent more expensive in August than the same month last year, Statistics Netherlands reported. “But even if this slowdown does come, it alone won’t be enough to get inflation toward our medium-term target.” At the same time, Knot Because of all these issues, Knot, who is known as a hawk within the European …

New energy contract €4,000 more expensive than a year ago
2 years, 5 months ago

New energy contract €4,000 more expensive than a year ago

NL Times  

Netherlands residents who have to conclude a new energy contract will pay almost 6,500 euros for gas and electricity annually. Energy prices have been rising since May last year, but the Russian invasion of Ukraine exacerbated the increase significantly. For gas, that was 80 cents per cubic meter, and those rates are already rising from 2.50 to 3 euros per …

Netherlands price rises increasingly persistent, widespread: ABN Amro
2 years, 5 months ago

Netherlands price rises increasingly persistent, widespread: ABN Amro

NL Times  

High energy prices are making more and more products and services in the Netherlands more expensive, and the price increases are becoming more persistent, economists at ABN Amro said in response to new inflation figures from Statistics Netherlands. ABN Amro’s experts believe that energy prices will remain high until the end of 2023. “We assume that this can take until …

Dutch inflation above 10% for first time since 1975
2 years, 5 months ago

Dutch inflation above 10% for first time since 1975

NL Times  

Inflation in the Netherlands climbed above 10 percent for the first time since 1975, Statistics Netherlands reported based on its own calculation method. According to the stats office, consumer goods and services were 10.3 percent more expensive in July than in the same month last year. All this led to housing rents rising by 3 percent last month compared to …

Wages still rising, but well below inflation
2 years, 5 months ago

Wages still rising, but well below inflation

NL Times  

Wages om the Netherlands increased by 3.4 percent last month on average, according to preliminary figures from the employers’ association AWVN. While salaries are still rising, the increases are well below inflation in the Netherlands, which amounted to 11.6 percent last month according to the European harmonized method. At 3.4 percent, the wage increase in July was slightly lower than …

9.4% inflation expected for Netherlands in 2022
2 years, 5 months ago

9.4% inflation expected for Netherlands in 2022

NL Times  

The average inflation in the Netherlands will be 9.4 percent this year, the European Commission expects. According to the daily management of the EU, inflation will drop to an annual average of 3.3 percent, but economic growth will remain limited to 1 percent. The Commission estimates inflation in 2023 at 4 percent for all euro countries and adjusted economic growth …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 6 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation 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 …

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 6 months ago

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising

Dutch News  

Inflation 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 …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 9 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

More evidence of soaring inflation as CBS puts March rate at 9.7%
2 years, 9 months ago

More evidence of soaring inflation as CBS puts March rate at 9.7%

Dutch News  

The rate of inflation in the Netherlands has risen to 9.7% when calculated according to Dutch methods, 2.2 percentage points below the harmonized European figure. The current rate is the highest since April 1976, national statistics office CBS said on Thursday. The European method, which excludes rental housing costs, makes it possible to compare inflation within the eurozone, where the …

Inflation will remain high until 2023: Dutch central bank president
2 years, 11 months ago

Inflation will remain high until 2023: Dutch central bank president

NL Times  

The Netherlands and the eurozone will likely still be affected by high inflation at least into the summer of 2023, according to the president of the central bank of the Netherlands. President Klaas Knot of DNB estimates that the period of increased inflation will last more than a year and assumes that the European Central Bank will hike interest rates …

High energy, food prices pushed Dutch inflation to 5.7%
2 years, 11 months ago

High energy, food prices pushed Dutch inflation to 5.7%

NL Times  

Inflation rose to 5.7 percent on an annual basis in December. According to CBS, energy was almost 75 percent more expensive in the last month of the year than a year earlier. Refueling in December was on average 27.8 percent more expensive than the previous year, compared to 33.1 percent in November. Staying in a bungalow park was 7.1 percent …

Home prices increased over 20 percent in November
3 years ago

Home prices increased over 20 percent in November

NL Times  

House prices in the Netherlands increased by more than a fifth last month compared to November last year. Statistics Netherlands has been keeping track of this data on house prices since 1995. The last time there was a higher price increase in a quarter than the 20.1 percent of last month was in 1977. Home prices rose sharply in the …

Inflation in 19 nations using euro hits record high of 4.9%
3 years, 1 month ago

Inflation in 19 nations using euro hits record high of 4.9%

Associated Press  

LONDON — Consumer prices across the 19 countries that use the euro currency are rising at a record rate as a result of a huge spike in energy costs this year, official figures showed Tuesday. Eurostat, the European Union’s statistics agency, said the eurozone’s annual inflation rate hit 4.9% in November, the highest since recordkeeping began in 1997 and up …

Netherlands inflation up to 2.7 percent
3 years, 3 months ago

Netherlands inflation up to 2.7 percent

NL Times  

Inflation in the Netherlands stood at 2.7 percent in September on an annual basis. Prices for goods and services increased a bit faster than a month earlier when life became 2.4 percent more expensive for consumers on average. According to the European measurement method, goods and services in the Netherlands were 3 percent more expensive last month than a year …

Dutch economy growing faster than expected; 3.8% growth this year
3 years, 4 months ago

Dutch economy growing faster than expected; 3.8% growth this year

NL Times  

The Dutch economy is growing faster than expected, the Bureau for Economic Policy Analysis said in its draft macro-economic surveys on Friday. The economy is expected to grow 3.8 percent this year, and 3.2 percent next year. The national budget deficit will amount to 5.3 percent this year, and 1.8 percent next year. That is slightly lower than the June …

Inflation rises by 1.6%, Netherlands outpaces most of Europe
4 years, 6 months ago

Inflation rises by 1.6%, Netherlands outpaces most of Europe

Dutch News  

Inflation in the Netherlands went up by 1.6% in June, making the country one of the fastest risers in Europe, figures from statistics agency CBS show. The coronavirus crisis brought down demand for petrol and pump prices, CBS chief economist Peter Hein van Mulligen told broadcaster NOS. ‘But now that there are signs of economic recovery, traffic is increasing and …

VAT, energy tax increases push Netherlands inflation; wages lagging behind
5 years ago

VAT, energy tax increases push Netherlands inflation; wages lagging behind

NL Times  

Consumer prices were on average 2.6 percent higher in 2019 than in 2018, the biggest price increase since 2002. The increase was driven by increases in the low VAT rate and energy tax in January last year, according to figures Statistics Netherlands released on Thursday. For the first time in five years, collective bargaining wages increased by less than inflation …

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