The Dutch rate of inflation is the second highest in the eurozone, outstripped only by Estonia, the national statistics office CBS said on Monday.

The Dutch consumer price index is currently around 3.2%, its highest level in 10 years. The eurozone average is 1.8%, the CBS said.

The increase is largely due to the government’s decision to increase value-added tax (btw) to 21% in October. Taxes on insurance, energy, fuel and tobacco have also been increased as part of the Dutch government’s austerity measures.

In 2011, the Dutch inflation rate was one of the lowest in Europe.