Inflation reaches 4-year high
Thursday 08 November 2012
The official Dutch inflation rate rose to 2.9% in October, its highest level in four years, the national statistics office CBS said on Thursday.
Inflation was up 0.6 percentage points on September, due mainly to the increase in value-added tax (btw) from 19% to 21%. The tax hike came into effect last month.
Higher food prices also played a role as the poor harvest boosted the cost of potatoes, vegetables and fruit.
According to the European harmonised inflation index, the Dutch cost of living rose to 3.3% in October, its highest level in 10 years and well above the eurozone average of 2.5%.
Where have you noticed the sharpest price rises? Use the comment box below.
Readers' comments (5)