Dutch inflation surged to 3.2% in June, driven primarily by higher food prices, according to a quick estimate by Statistics Netherlands (CBS) released on Tuesday. This marks an increase from February’s inflation rate of 2.7%.
The cost of food, beverages, and tobacco rose by 4.4% compared to the previous year, up from a 3.1% increase in May. Services also contributed to the upward trend, with prices rising 4.6% in June, slightly higher than the 4.5% increase seen in May.
In contrast, inflation was tempered by lower increases in energy and motor fuel prices. These costs rose by 3.4% in June, down from a 4.0% increase in May.
Statistics Netherlands also reported Dutch inflation using the European harmonized method (HICP), which excludes housing costs considered in the CBS method. According to the HICP, Dutch inflation stood at 3.4% in June, up from 2.7% in May, aligning with EU standards for cross-country inflation comparisons.
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