Inflation fell again in November

The Dutch annual inflation rate fell marginally to 1.5% in November, down 0.1 percentage point on October.

The national statistics office CBS says the decline is largely due to cheaper foreign travel which has gone down in price more than usual in November. Food is also cheaper but petrol prices have risen.

Inflation reached a high of 3.1% this summer. The fall in inflation since then is due to the knock-on effect of higher value-added tax, introduced in October 2012.

Calculated according to harmonised European Union figures, the inflation rate is 1.2%, above the eurozone average of 0.9%.

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