Biggest rise in consumer prices in nearly five years says CBS
See more DutchNews articles in your Google search results
See more DutchNews articles in your Google search results
Add as a favourite source on Google Add DutchNews as a favourite source on Google
The Consumer Price Index, one of the key indicators in determining inflation, rose by 2.1% in July, the highest increase in nearly five years, the national statistics office CBS reported on Tuesday.
The CPI stood at 1.7% in June. Last month was the first time since September 2013 that the price increase for goods and services was above 2%.
The CPI measures the cost of a basket of goods and services including daily shopping, clothing, petrol, rent and insurance premiums.
Rents for housing was a major factor in the rise of the CPI as most rents throughout the country are adjusted on an annual basis in July. In July 2018, rents rose by an average 2.3% compared to the year-earlier period. In 2017, rents rose by only 1.6% on average.
Electricity and natural gas were also more expensive, the CBS said.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation