Households' disposable income grew 2% last year, despite inflation
1 year, 8 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 the second calculation, the Dutch economy grew 0.6 percent in the fourth quarter, the same as the first calculation 45 days after the quarter ended.

Netherlands High Higher Cbs Households Calculation  quarter  high  grew  energy  2022  despite  households  income  calculation  inflation  compensation  wages  higher  disposable

History of this topic

Dutch inflation rate falls to 3.8 percent in 2023, compared to 10 percent in 2022
11 months, 2 weeks 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 households switching to fixed energy contracts as price ceiling ends
1 year ago

Dutch households switching to fixed energy contracts as price ceiling ends

NL Times  

The number of people switching energy providers is increasing in the Netherlands, as reported by consumer organization Vastelastenbond on Thursday. With the government's support measure ending in 2024, households with variable energy contracts exceeding the price ceiling will lose governmental protection. Research from the Authority for Consumers & Markets shows a growing preference for fixed-rate energy contracts among Dutch consumers. …

Collective wages increased significantly, but still less than inflation
1 year, 8 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 …

Over 340 municipalities refuse to implement energy surcharge for low-income households for Cabinet
1 year, 8 months ago

Over 340 municipalities refuse to implement energy surcharge for low-income households for Cabinet

NL Times  

More than 340 municipalities in the Netherlands are against continuing to implement the energy surcharge for low-income households for the Cabinet. Municipalities are not national implementing organizations and therefore the energy surcharge should again be paid by the government starting next year, argued the Association of Netherlands Municipalities. In order to ease the pain of high prices for low-income households …

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 …

Annual inflation rate fell for 4th straight month to 7.6 percent
1 year, 10 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 …

The Netherlands generated 15 percent more sustainable energy this year
1 year, 11 months ago

The Netherlands generated 15 percent more sustainable energy this year

NL Times  

The Netherlands generated nearly one-sixth more renewable energy this year than in 2021, saving about 1,6 billion cubic meters of gas, according to Energieopwek, which tracks green energy production. There are now 2 million homes equipped with solar panels, compared to 1,5 million last year. 41 percent of the energy consumed in the Netherlands is now generated sustainably, compared to …

Dutch allocate €16m to provide food and essentials to poor families
2 years, 3 months ago

Dutch allocate €16m to provide food and essentials to poor families

Dutch News  

The Netherlands has been awarded €413 million from the European Social Fund to support people at the bottom end of the jobs market and to counteract rising poverty. The Dutch plan has been approved by the European Commission and marks the first time that ministers will have used EU money to help ensure people in the Netherlands have enough to …

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

Inflation eases to 8.6%, bucking EU trend, but food bills keep rising
2 years, 5 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, 5 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, 8 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, 8 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 …

Dutch economy grew more than gov't debt in 2021
2 years, 8 months ago

Dutch economy grew more than gov't debt in 2021

NL Times  

Government debt amounted to 52.1 percent of gross domestic product last year, down from 54.3 percent. The Dutch government saw its income increase by 25 billion euros to 337 billion euros last year. People spent more in the second year of the coronavirus crisis than in 2020, which increased the government's VAT revenues by 6 billion euros. Non-tax revenues increased …

Household energy bills increasing 86% this year
2 years, 10 months ago

Household energy bills increasing 86% this year

NL Times  

On average, Netherlands residents will pay much more for their energy consumption in 2022. According to CBS, a household with an average energy consumption will pay almost double last year's amount this year. According to CBS, it calculated the price changes "with constant annual consumption and based on prices offered by energy companies in the relevant months." That means that …

Households will have average of €40 a month less to spend in 2022
2 years, 11 months ago

Households will have average of €40 a month less to spend in 2022

Dutch News  

Households will have an average of €40 less to spend a month this year, national budget institute Nibud has calculated. ‘It will be noticeable not so much on people’s payslips but at the supermarket, the petrol pump and on their energy bill.’ Household bills could increase by between €10 and over €100 a month, the agency’s calculations show, depending on …

Households will have average of €40 a month less to spend in 2022
2 years, 11 months ago

Households will have average of €40 a month less to spend in 2022

Dutch News  

Households will have an average of €40 less to spend a month this year, national budget institute Nibud has calculated. ‘It will be noticeable not so much on people’s payslips but at the supermarket, the petrol pump and on their energy bill.’ Household bills could increase by between €10 and over €100 a month, the agency’s calculations show, depending on …

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 …

Dutch economy back to pre-Covid level in 3rd quarter
3 years, 1 month ago

Dutch economy back to pre-Covid level in 3rd quarter

NL Times  

The economy grew by 1.9 percent in the third quarter, bringing it to a higher level than before the pandemic for the first time since the outbreak of the coronavirus crisis, Statistics Netherlands reported. With the new increase, the economy has therefore fully recovered from the coronavirus contraction in the first and second quarter of last year. After that, there …

Netherlands inflation up to 2.7 percent
3 years, 2 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 …

Disposable income rises most in 20 years as Dutch economy posts stronger growth
3 years, 3 months ago

Disposable income rises most in 20 years as Dutch economy posts stronger growth

NL Times  

The Dutch economy grew more in the second quarter than initial figures showed and that is also reflected in household incomes, which saw the strongest growth since the second quarter of 2002, Statistics Netherlands reported In the second quarter of this year, Dutch households' disposable income was 3.1 percent higher than the same quarter last year. The number of jobs …

Disposable income in the Netherlands doubled in the past 50 years
3 years, 8 months ago

Disposable income in the Netherlands doubled in the past 50 years

NL Times  

The average net disposable income for Dutch households rose by 112 percent in 2020 compared to 1969, Statistics Netherlands stated. That means that last year the net disposable income per person lay at 21.9 thousand euros. The faster growth of the GDP compared to the net disposable income is due to a stagnation of the net disposable income per household …

NL home prices up 8% to highest level ever
4 years, 3 months ago

NL home prices up 8% to highest level ever

NL Times  

In August, existing home prices in the Netherlands were 8.2 percent higher than in the same month last year - the biggest increase in 1.5 years, Statistics Netherlands said on Monday. A total of 19,034 homes changed ownership in the country in August, nearly 3 percent less than in August 2019, according to figures from the Land Registry. According to …

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