Inflation in the Netherlands surged to 3.7 percent in July on an annual basis, according to a quick estimate by Statistics Netherlands (CBS). This marks a continued rise from June’s 3.2 percent and May’s 2.7 percent.
CBS attributed the inflation increase primarily to the rising prices of food, beverages, and tobacco, which saw a 5.4 percent hike in July, up from 4.4 percent in June. Service prices also climbed, with a 5.7 percent rise in July compared to 4.6 percent in the previous month. Conversely, energy prices, including motor fuels, saw a significant decline in July compared to June.
Using the European harmonized calculation method, Dutch inflation stood at 3.5 percent in July, slightly up from 3.4 percent in June. This method, which is agreed upon within the European Union to measure inflation, does not include the costs of living in one’s own home, differing slightly from the CBS’s method.
Eurostat, the European statistics agency, is set to release its figures for July inflation in the eurozone later today. In June, eurozone inflation was recorded at 2.5 percent.
Related Topics：
