Netherlands Inflation Rate Slows to 0.6% in September

Annual inflation rate in Netherlands eased to 0.6 percent in September of 2015, compared to 0.8 percent in the previous month, as further decline in petrol prices was enough to offset an increase in cost of housing and utilities and food.

Year-on-year, cost of gasoline fell 12.5 percent to an average of 1.51 EUR per liter in September (-7.5 percent in August), leading to a 3.7 percent decline in prices of transportation (-1.8 percent in August). Also, prices of diesel and LPG dropped by 15.5 percent and 24.5 percent, respectively. By contrast, upward pressure came from: housing and utilities (+1.4 percent); food and non-alcoholic beverages (+1.5 percent); recreation and culture (+0.8 percent); and miscellaneous goods and services (+2.1 percent).

Annual core inflation remained unchanged at 1.2 percent.

On a monthly basis, consumer prices dropped 0.2 percent, after falling 0.3 percent in the previous month, mainly due to lower prices of food and non-alcoholic beverages (-0.5 percent); transport (-3.4 percent); and recreation and culture (-2.2 percent). By contrast, cost of miscellaneous goods and services increased by 0.1 percent (from -0.2 percent in August), while prices of housing and utilities showed no growth for the second consecutive month.

CBS | Joana Ferreira |
10/8/2015 9:37:40 AM