Falling petrol prices had a marked effect on the overall dynamic. Transport costs were up 2.2 percent, down from 3.3 percent in July. In August, the price of one litre of petrol was nearly 2 cents lower than in August 2012. Consumer prices for clothes (1.4 percent down from 3.1 percent) and communication costs (-2.0 percent) also dragged inflation to a lower level.
Dutch inflation according to the harmonised consumer price index (HICP) slipped from 3.1 percent in July to 2.8 percent in August. The Euro Area inflation rate fell to 1.3 percent in August, i.e. 0.3 percentage points lower than in July.