Dutch inflation hits 10.3% as energy and food prices soar
The Dutch annual rate of inflation rose to 10.3% in July, when calculated according to domestic guidelines, national statistics agency CBS said on Thursday.
It is the first time the Dutch rate has topped 10% since September 1975. The rise from 8.6% in June was largely due to the cost of energy and to the increase in housing rents, which traditionally go up in July.
However, food was also 12.3% more expensive year on year, the CBS said.
Last week the CBS said that inflation, when calculated according to the harmonised European system was 11.6%. The EU system uses a different basket of goods to calculate inflation and does not include rental housing, for example.
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