Inflation up in September

Dutch inflation was 1.3 percent in September. This is 0.2 percentage points up on August. Inflation is calculated from the increase of the consumer price index (CPI) relative to the same month one year previously.

The increase in inflation is mainly caused by price rises for petrol. The price increase of milk products also had an upward effect on inflation. Clothes prices, on the other hand, had a downward effect on inflation.

The increase in the costs of housing and energy and various goods and services, like insurance premiums, made the most substantial contribution (0.4 percentage points) to inflation. Transport costs contributed 0.3 percentage points. Contrary to the preceding months, clothes prices had a downward effect of 0.1 percentage points. Communication services, e.g. telephone services and use of the Internet, also reduced inflation by 0.1 percentage points. The same applies to recreation and culture.

The harmonised consumer price index (HICP) allows comparison between the member states of the European Union. According to the HICP method, Dutch inflation was 1.3 percent in September. This is 0.2 percentage points up on the rate in August. Inflation in the eurozone rose to 2.1 percent in September, so inflation in the Netherlands is far below the average rate recorded in the eurozone.

Dutch inflation