Inflation to rise sharply, says central bank

The annual inflation rate will reach 3.4% next year before falling back to 2.2% in 2010, says the Dutch central bank in its latest quarterly bulletin on the economy.

Higher oil, food and raw material prices will drive up inflation, the bank says. In addition, the shortage of skilled labour will boost wages. Higher taxes will also have an inflationary effect, according to the bank’s economists.

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