Dutch inflation rate stable at 2.3 percent

• Airline tickets contribute to inflation
• New cars lower inflation
• Dutch inflation below eurozone level

According to the most recent figures released by Statistics Netherlands, Dutch inflation remained unchanged in September. Just as in the two preceding months, consumer prices were on average 2.3 percent up from one year ago.

Airline tickets were 15 percent more expensive in September 2012 than in September last year, which had an upward effect on inflation. Prices of new cars were lower in September than in August. This had a downward effect on inflation. As a result, September’s inflation rate was the same as in July and August.

Inflation in the Netherlands calculated according to the European harmonised method (HICP) was 2.5 percent, i.e. the same as in August. The eurozone inflation rate rose by 0.1 percentage points to 2.7 percent and was above the Dutch inflation level in September.