Netherlands Inflation Hits 18-Month High

The annual inflation rate in the Netherlands rose to 3.7% in October 2026, picking up from 3.4% in September, according to preliminary estimates. This marked the highest reading since April 2025, driven partly by accelerating energy inflation, including motor fuels, which increased to 14.4% from 13.8%, amid surging global energy prices. Inflation for industrial goods excluding energy and motor fuels also accelerated to 1.9% from 1.5%. Meanwhile, services inflation remained unchanged at 3.9%. Food, beverages, and tobacco prices fell 0.6% year-on-year, following a 1.2% decline in September. On a monthly basis, consumer prices are likely to increase by 0.7%, following a 0.1% gain in September. The index for consumption abroad rose 8.6%, accelerating from 7.7% previously. HICP-based annual inflation also increased to 3.3% in October from 3.0% in September.

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.