Dutch June Inflation Confirmed at 2.9%

The annual inflation rate in the Netherlands eased to 2.9% in June 2026, confirming preliminary estimates and down from a one-year high of 3.5% in May. The slowdown was largely driven by transport inflation, which eased to 6.9% from 9.9% amid lower motor fuel prices as global oil prices declined. Inflation also moderated for health (0.7% vs. 0.8%), recreation and culture (2.6% vs. 2.8%), and restaurants and hotels (4.2% vs. 6.5%). Meanwhile, prices declined for food and non-alcoholic beverages (-0.5% vs. 0.1%), clothing and footwear (-0.5% vs. 0.4%), and information and communication (-1.4% vs. -0.8%). In contrast, price growth edged up for housing and utilities (3.6% vs. 3.5%) and rebounded for household goods and services (0.3% vs. -0.3%). On a monthly basis, consumer prices fell 0.6%, the first decline since January, following a 0.1% increase in May. Annual HICP inflation, which excludes owner-occupied housing, eased to 2.5% from 3.4% in May.

The annual inflation rate in the Netherlands accelerated to 3.5% in May 2026 from 2.8% in April, confirming preliminary estimates and marking the highest reading since April last year. The main upward pressure came from higher transport inflation (9.9% vs 6.9% in April), primarily driven by increased costs of international flights, with airline tickets 12.3% more expensive than a year earlier. Price growth also picked up for housing and utilities (3.5% vs 3.3%), recreation and culture (2.8% vs 1.6%), and restaurants and accommodation (6.5% vs 3.9%). In contrast, inflation eased sharply for food and non-alcoholic beverages (0.1% vs 1.4%), while deflation persisted for household goods and services (-0.3% vs -0.4%). On a monthly basis, consumer prices rose just 0.1%, following a 1.1% jump in April, which was the largest increase in nine months. Meanwhile, annual HICP inflation, which excludes owner-occupied housing, picked up to 3.4% from 2.5% in April.

The annual inflation rate in the Netherlands rose to 3.5% in May 2026, picking up from 2.8% in April, according to preliminary estimates. This marked the highest reading since March 2025, as price growth accelerated across most major categories, with energy including motor fuels rising 9.9%, compared with 7.9% in April, driven by higher fuel and utility costs. Services inflation also picked up to 4.7% from 3.6%, while industrial goods excluding energy and motor fuels edged up to 0.7% from 0.3%. In contrast, food, beverages and tobacco inflation slowed to 0.4% from 1.5%. Meanwhile, consumption abroad rose 5.6%, following a 3.4% increase in the previous period. On a monthly basis, consumer prices grew 0.1%, easing from a 1.1% jump in April. The quick estimate of HICP-based inflation, which excludes owner-occupied housing costs, stood at 3.4% in May, accelerating from 2.5% in April.