Dutch Inflation Rate Down to 1.6% in October


In October, Netherlands’ annual inflation dropped to 1.6 percent, down from 2.4 percent in the previous month and reaching its lowest level since November of 2010. The deceleration was mainly due to lower communication, transport and clothing cost.

The biggest downward pressures on the consumer price index came from communication (-4.1 percent), clothing and footwear (-1.5 percent), household equipment (-0.9 percent), and transport (-0.4 percent). In contrast, cost of alcoholic beverages increased 9.4 percent, prices of miscellaneous goods and services went up by 3.7 percent, and housing, water and electricity rose 3 percent. Cost of food and non-alcoholic beverages decelerated to 0.9 percent, from 2.2 percent in September. 

Dutch inflation according to the European harmonized method (HICP) fell to 1.3 percent. This is 1.1 percentage points lower than in September.

Dutch Inflation Rate Down to 1.6% in October


Krisztina Györffy | krisztina@tradingeconomics.com
11/7/2013 9:33:20 AM