Dutch inflation rate stays the same

• Dutch inflation rate stays 1.6 percent
• Inflation rate in Eurozone slightly higher

The Dutch inflation rate stayed the same in October. Consumer prices were on average 1.6 percent higher than the year before, as was the case in September. In the first six months of 2010 the Dutch inflation rate hovered around 0.9 percent. After an increase in July, Dutch inflation it is now fairly stable as the latest figures of Statistics Netherlands show.

Prices of motor fuels, gas, cigarettes and tobacco for rolling cigarettes were among the products with price rises above the 1.6 percent average. Food prices increased by slightly less than the inflation rate. The prices of plane tickets, televisions, audio and video equipment and electricity were lower than in October 2009.

According to the European Harmonised method (HICP) The Dutch inflation rate stayed 1.4 percent. In October, the inflation rate in the Eurozone increased slightly to 1.9 percent according to Eurostat.  October is the eleventh month in a row in which the Dutch inflation rate is below that of the Eurozone.