Dutch inflation rate rises slightly to 0.7%

saving two euros in a piggy bankThe Dutch rate of inflation reached 0.7% in November, a rise of just 0.1 percentage point on October and September, the national statistics office CBS said.

The rise in the annual inflation rate is largely due to petrol prices which are now 7.3% lower than a year ago. In October the difference was 11.8% year on year.

Excluding energy, food and drink and tobacco, which are strongly influenced by tax changes, the inflation rate was 1.2% in November.

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