Dutch rate of inflation dips below 1%, driven by fuel and clothing

Photo: Depositphotos.com
Photo: Depositphotos.com

The Dutch rate of inflation fell to 0.8% in November, down 0.4 percentage point on October, national statistics agency CBS said on Tuesday.

The lower rate of inflation is largely due to cheaper clothing and fuel, the CBS said.

Calculated according to the harmonised European system, the current Dutch inflation rate is even lower at 0.7%. This is the figure used by the European Central Bank in determining monetary policy.

In the eurozone as a whole, the current inflation rate is -0.3% and has been negative since August. The central bank has a target eurozone inflation rate of 2%

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