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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.

© DutchNews.nl



 
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Readers' comments (5)

Inflation is a form of taxation that is determined by the banks that control the interest rates.

Like many others, I avoid buying anything that I can live without, save & spend in another country, NL €1,69 for ONE mango? €1,50 for ONE avocado? (No thanks, you can keep it all.) :P

By The visitor | November 8, 2012 3:46 PM


Keep following the socialistic path that is being adopted by the United States of America, and the Netherlands will keep getting the same failed results. (I believe that's called INSANITY!) Maybe slower, maybe faster, but the same abyss is ahead.

By Drawer 22 | November 8, 2012 6:23 PM


You can hardly solve crises in that way. You must focus on large companies more.

By Balance | November 8, 2012 6:34 PM


food.

that is the only thing i still HAVE TO (unfortunately) buy here.

I would import that from US too if i could.

By dork | November 9, 2012 8:31 AM


Anything where the shop feels they have a monopoly in the area. A specific example, going to DIY chain (praxis), I have noticed how the VAT increase is being used to hide price increases.

Philips twin spot lights:
September, 50 euros - 19% vat - price on shelf
October, 51 euros - 21% vat - old price shown on shelf, new price at checkout
November, 55 euros - revised price on shelf - 10% increase in 2 months

The price from Amazon.de with free postage to the NL remains unchanged.

By eejit | November 13, 2012 4:19 AM



 
 
 
 
 
 
 
 
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