Netherlands Inflation Quickens to 3.4%

The annual inflation rate in the Netherlands rose to 3.4% in September 2026, the highest reading since May, picking up from 3.3% in August, according to preliminary estimates. Price growth accelerated for energy, including motor fuels, rising to 13.9% from 11.6%, as global energy costs remained elevated amid persistent Middle East tensions. Services inflation also increased to 3.9% from 3.7%, while inflation for industrial goods excluding energy and motor fuels edged up to 1.5% from 1.4%. Meanwhile, prices for food, beverages, and tobacco fell 1.2%, deepening the 0.5% decline in August. On a monthly basis, consumer prices are likely to grow 0.1% in September, following a 0.3% gain in August. The index for consumption abroad rose 7.7% year-on-year, accelerating from 7.4% previously. HICP-based annual inflation rose to 3.0% in September from 2.8% in the prior period.

The annual inflation rate in the Netherlands edged up to a three-month high of 3.3% in August 2026 from 3.2% in July, confirming preliminary estimates. The pickup was mainly driven by higher inflation for housing and utilities (4.1% vs 3.9% in July), due to increased costs of electricity, gas and fuels. Inflation also rose further for alcoholic beverages (1.9% vs 1.6%) and clothing and footwear (1.1% vs 0.2%). Meanwhile, transport inflation eased slightly to 8.3% from 8.6%, while restaurants slowed to 3.8% from 4.6% and recreation, sports and culture to 2.2% from 3.2%. Food and non-alcoholic beverages prices fell further, declining 1% after a 0.4% drop in July. On a monthly basis, consumer prices rose 0.3%, easing from a 1.6% jump in the previous period. Meanwhile, HICP-based annual inflation, which excludes owner-occupied housing costs, slowed to 2.8% from 3% in July. Prices of goods and services purchased abroad also rose sharply, increasing 7.4% year-on-year from 4.8%.

The annual inflation rate in the Netherlands rose to a three-month high of 3.3% in August 2026 from 3.2% in July, according to preliminary estimates. Price growth accelerated for energy, including motor fuels, rising to 11.7% from 9.7% in July, as global energy costs remained elevated amid the ongoing Middle East conflict. Inflation for industrial goods excluding energy and motor fuels also increased to 1.4% from 1.2%. Meanwhile, inflation for food, beverages, and tobacco fell to -0.5% from 0%, while price growth for services eased to 3.7% from 4.0%. On a monthly basis, consumer prices grew 0.3%, easing from a 1.6% jump in July. The index for consumption abroad rose 7.4% year-on-year, accelerating from a 4.8% increase in July. HICP-based annual inflation, which excludes owner-occupied housing costs, eased to 2.8% in August from 3.0% in July.