DutchNews.nl - DutchNews.nl brings daily news from The Netherlands in English

30 May 2023
Newsletter Donate Advertise
  • News
  • Life in the Netherlands
  • Jobs
  • Podcast
  • About us
  • Search
  • Home
  • Economy
  • Sport
  • Europe
  • Society
  • Politics
  • Health
  • Housing
  • Education
  • News
    • Home
    • Economy
    • Sport
    • Europe
    • Society
    • Politics
    • Health
    • Housing
    • Education
  • Life in the Netherlands
    • Latest
    • Opinion
    • Books
    • Travel
    • 10 Questions
    • Learning Dutch
    • Inburgering with DN
  • Jobs
  • Podcast
  • About us
    • Team
    • Donate
    • Advertise
    • Writing for Dutch News
    • Contact us
    • Privacy
    • Newsletter
  • Search

Inflation hits record high of 12%, energy and food prices rise fastest

September 6, 2022
Photo: Depositphotos.com
Photo: Depositphotos.com

Inflation in the Netherlands hit an all-time high of 12% in August as energy prices were driven up by uncertainty over whether Russia would cut off gas supplies.

Groceries and housing costs also contributed to the increase, with food bills up by 13.1% compared to a year ago, the government’s statistics agency CBS said. Coffee is 20% more expensive on average, dairy products have gone up by 18% and meat by 17%.

Inflation rose to 10.3% in July. after dropping in the previous three months from March’s previous peak of 9.7%. The CBS said August’s figure was the highest since it started compiling records in 1963, beating the 11.1% set in January 1975.

Not all commodities recorded an increase in inflation in August: petrol and diesel were up by 16.7% compared to 24.6% and the rate is likely to fall in the coming months, as the surge in prices began last autumn.

The United Nations reported on Monday that global food prices fell for the fifth consecutive month in August. Its Food Price Index, which tracks the prices of five key commodities, was down by 13.3% from its peak in April, though still 7.9% above the level of 12 months ago.

Share this article
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Copy URL
Economy
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
Latest
Edwin van der Sar steps down at Ajax, citing "difficult period"
Pensioners on a bench
New pension law needs two-third majority, professors say
The Netherlands to reduce ties with Uganda over LGBTIQ+ law
Dutch destinations: hanging out in the Frisian city of Harlingen
PSV wrap up second place, Ajax are downed by Twente
NewsHomeEconomySportEuropeSocietyPoliticsHealthHousingEducation
Life in the NetherlandsLatestOpinionBooksTravel10 QuestionsLearning DutchInburgering with DN
Podcast
About usTeamDonateAdvertiseWriting for Dutch NewsContact usPrivacyNewsletter
© 2023 DutchNews | Cookie settings

Help us to keep providing you information about coronavirus in the Netherlands.

Many thanks to everyone who has donated to DutchNews.nl in recent days!

We could not provide this service without you. If you have not yet made a contribution, you can do so here.

The DutchNews.nl team

Donate now

Dutchnews Survey

Please help us making DutchNews.nl a better read by taking part in a short survey.

Take part now