Inflation falls but remains double eurozone average

The Dutch rate of inflation fell to 2.8% in August after hitting a five-year high of 3.1% in July, says national statistics office CBS.

Inflation went down because of falling petrol, clothes and package holiday prices, the CBS.

Eurozone inflation is also down 0.3 percentage point, so the Netherlands’ inflation remains more than double that of the other 16 euro countries.

The Dutch inflation rate has been pushed up by new rules for housing rent increases, which allow landlords to raise rents in line with the income of tenants rather than simply inflation.

The CBS said rents went up an average 4.7% in July, the traditional month for rental increases. This is the highest rise since 1994.

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