Inflation dips slightly to 14.3% in October, food and energy prices rise

Photo: DutchNews.nl
Photo: DutchNews.nl

The Dutch annual rate of inflation fell very slightly to 14.3% last month when calculated according to Dutch methods, national statistics agency CBS said on Tuesday.

Excluding the impact of energy (gas, electricity and fuel), inflation was 6.9%, the CBS said. In September, the energy-free figure was 6.5%. Food in particular was more expensive.

Calculated according to European harmonised methods, which excludes rental housing, inflation was 16.8% in October.

Dutch inflation, one of the highest rates in the eurozone, would be considerably less if the CBS used the actual price households pay for energy in its calculations, rather than the price paid for new contracts.

The CBS is currently working on a new way of calculating energy prices, and expects that to be ready next year.

Inflation in the eurozone was 10.7% last month.

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