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 cheaper in December than in the same month a year earlier. Last week, CBS reported that Dutch inflation reached 6.4 percent in December calculated on the European harmonized method.

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History of this topic

CBS: Inflation hits 4% in November, matching preliminary estimates
1 week, 2 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 inflation jumped to 4 percent in November
3 weeks, 4 days 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. …

Inflation stable at 2.7 percent in May
6 months, 3 weeks 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
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 stats office confirms inflation reversal of -0.4% despite food price hike of 8%
1 year, 1 month 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 …

Renewable energy accounts for 46% of Dutch electricity
1 year, 3 months ago

Renewable energy accounts for 46% of Dutch electricity

Dutch News  

Almost half the electricity generated in the Netherlands in the first six months of this year came from natural sources such as the wind and sun, national statistics office CBS said on Wednesday. The Dutch markets authority ACM said on Wednesday it expected households will have to pay an extra €8 a month next year in energy transport costs as …

Renewable energy accounts for 46% of Dutch electricity
1 year, 3 months ago

Renewable energy accounts for 46% of Dutch electricity

Dutch News  

Almost half the electricity generated in the Netherlands in the first six months of this year came from natural sources such as the wind and sun, national statistics office CBS said on Wednesday. The Dutch markets authority ACM said on Wednesday it expected households will have to pay an extra €8 a month next year in energy transport costs as …

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 …

Inflation falls to 3% in August but "shrinkflation" seen in food
1 year, 3 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, 3 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 …

Renewable energy rose slightly to 15% in the Netherlands in 2022; Halfway towards target
1 year, 6 months ago

Renewable energy rose slightly to 15% in the Netherlands in 2022; Halfway towards target

NL Times  

Renewable energy’s share in the Netherlands’ total energy consumption climbed to 15 percent last year, up from 13 percent in 2021. Renewable energy consumption amounted to 277 petajoules in 2022, 6 percent more than a year earlier. Solar energy consumption grew by 45 percent to 62 PJ last year, primarily due to the installation of more solar panels. Wind energy …

Netherlands inflation increased to 5.2% in April
1 year, 7 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, …

Big drop in annual inflation; Down to 4.4% in March
1 year, 8 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 …

Food prices jump 18.4% in a year; Clothing 11.8% more expensive
1 year, 9 months ago

Food prices jump 18.4% in a year; Clothing 11.8% more expensive

NL Times  

Food in the Netherlands cost 18.4 percent more in February than a year earlier. While energy prices are no longer skyrocketing, the higher energy prices still indirectly contribute to inflation, ABN Amro economist Aggie van Huisseling told RTL Nieuws. And gas prices are still higher than a year ago, Van Huisseling explained. Higher clothing prices also drove up inflation, but …

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 in supermarkets to peak this summer at the earliest, economists say
1 year, 9 months ago

Inflation in supermarkets to peak this summer at the earliest, economists say

NL Times  

Groceries in the supermarket, and activities like dinner at a restaurant or going on vacation will likely continue to become more expensive in the coming months. "And for services like hotels and restaurants, it will probably only happen later on, because their prices are mainly driven by wages," says ING economist Marcel Klok. Jan-Paul van de Kerke from ABN Amro …

Inflation climbing again; Up to 8 percent in February
1 year, 9 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, …

High gas prices drop Dutch consumption to lowest point in 50 years
1 year, 10 months ago

High gas prices drop Dutch consumption to lowest point in 50 years

NL Times  

Dutch gas consumption fell to the lowest level in 50 years last year. Compared to 2021, before the sharp rise in gas prices, consumption was about a quarter lower last year. Last year, Dutch gas consumption amounted to 31 billion cubic meters, the lowest level since 1972. Last year, CBS reported that in the first half of 2022, gas consumption …

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 …

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, 1 month 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 …

Netherlands further expands energy assistance for 2023 at a cost of €23.5 billion
2 years, 2 months ago

Netherlands further expands energy assistance for 2023 at a cost of €23.5 billion

NL Times  

The energy price cap that the Dutch Cabinet plans to introduce has been expanded far more than originally expected. The cost of the package will therefore rise considerably, with the government expecting the scheme to cost around 23.5 billion euros. Consumers will pay a fixed rate of 1.45 euros per cubic meter of gas under the scheme, lower than the …

Dutch inflation climbs to record 12%
2 years, 3 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, 3 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, 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 …

Dutch gas prices second highest in Europe
2 years, 4 months ago

Dutch gas prices second highest in Europe

NL Times  

The Netherlands has the second highest gas price in Europe, with Dutch consumers paying about double the EU average. Netherlands residents pay 0.2319 euro per kilowatt hour of gas, or 2.25 euro per cubic meter of gas, including taxes and grid costs. The rest of the Dutch gas price consists of 57 percent of fixed and variable supply costs paid …

Netherlands home prices up 16.6%; Lowest increase in a year
2 years, 5 months ago

Netherlands home prices up 16.6%; Lowest increase in a year

NL Times  

Existing owner-occupied home prices in the Netherlands were 16.6 percent higher in June than the year before, the lowest increases since July 2021. Compared to June 2013, home prices were over 98 percent higher last month. Earlier this month, the realtors association NVM also reported that home price increases are slowing down as the supply in the housing market is …

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, 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 …

Netherlands' renewable energy share decreased in 2021, despite advances in field
2 years, 5 months ago

Netherlands' renewable energy share decreased in 2021, despite advances in field

NL Times  

New data released by Statistics Netherlands shows that the country’s renewable energy share decreased in 2021, amounting to 12 percent of total energy consumption. In 2020, renewable energy from abroad accounted for 2.5 percent of the total energy share. If the 2021 energy share incorporated biomass that is now not deemed fully compliant, the share would rise to 13.4 percent. …

Dutch housing prices rising twice as fast as EU average
2 years, 8 months ago

Dutch housing prices rising twice as fast as EU average

NL Times  

Home prices in the Netherlands were 18.7 percent higher in the last quarter of 2021 than a year earlier. The price increase was almost double the European Union average of 10 percent and puts the Netherlands in the top five EU countries with the fastest increasing home prices, Statistics Netherlands reported. In the fourth quarter of 2021, newly-built homes 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 …

Dutch consumers using less gas due to mild winter, high prices
2 years, 9 months ago

Dutch consumers using less gas due to mild winter, high prices

NL Times  

In the first months of this year, Netherlands residents used about 15 percent less gas than last year, NOS reports after speaking to several energy companies. They attribute the decrease mainly to the winter being much less cold than last year, but also because people are more economical with their gas use due to the high prices. "In the first …

Netherlands generated more energy from renewable sources last year
2 years, 9 months ago

Netherlands generated more energy from renewable sources last year

NL Times  

Last year, the Netherlands generated 33 percent of its total electricity from renewable sources, up from 27 percent in 2020. Electricity production from renewable sources increased by 22 percent, while production from fossil fuels dropped 11 percent, Statistics Netherlands reported. In 2021, 39.1 billion kWh of electricity came from renewable sources, 7 billion kWh more than the year before. However, …

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 …

Inflation will remain high until 2023: Dutch central bank president
2 years, 10 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 …

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 …

German inflation hits 29-year high as energy costs spike across Europe
3 years, 2 months ago

German inflation hits 29-year high as energy costs spike across Europe

CNN  

London CNN Business — Inflation in Germany hit its highest level in nearly three decades last month, fueled by rising energy costs, supply chain bottlenecks and price hikes following the easing of pandemic lockdowns. German consumer prices increased 4.1% in September compared with a year earlier, the country’s federal statistics office said in a statement. Annual inflation across the 19 …

Inflation rises by 1.6%, Netherlands outpaces most of Europe
4 years, 5 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 …

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