Dutch Inflation Rate Slows in May


Netherlands’ annual consumer prices slowed to 0.8 percent in May of 2014 from 1.2 percent in April, as cheaper food and holidays offset a surge in gasoline prices.

The highest upward pressure came from cost of housing, water and energy (3.1 percent). Transport prices rose 1 percent, as gasoline cost increased to its highest since September of 2013.

Food prices fell 0.7 percent year-on-year. Especially cost of fresh fruits and vegetables were on average lower than a year earlier. In 2013, prices were relatively high due to the severe winter.

On a monthly basis, consumer prices fell 0.3 percent, following a 0.5 percent increase in April.

The EU harmonized annual inflation rate decelerated to 0.1 percent in May from 0.6 percent in April. The monthly rate fell to -0.5 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 12:27:01 PM