Netherlands September Inflation Confirmed at 3.4%

The annual inflation rate in the Netherlands was confirmed at a four-month high of 3.4% in September 2026, slightly picking up from 3.3% in August. Price growth accelerated mainly in transport (9.3% vs. 8.3%in August), driven by surging motor fuel prices (27.2%), with diesel recording the sharpest increase. Diesel averaged €2.50 per liter during the month. Inflation also accelerated for housing and utilities (4.2% vs. 4.1%), health (1.3% vs. 0.8%), alcoholic beverages and tobacco (2.3% vs. 1.9%), and recreation and culture (3.0% vs. 2.2%). Meanwhile, prices fell further for food and non-alcoholic beverages (-1.8% vs. -1.0%), while inflation eased for clothing and footwear (0.6% vs. 1.1%). Monthly consumer prices rose 0.1%, the smallest increase in three periods, following a 0.3% gain in August. Meanwhile, annual HICP inflation, which excludes owner-occupied housing costs, rose to 3.0% from 2.8% in August.

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%.