Inflation in the Netherlands increased to 3.2% in June, mainly due to rising food prices, according to preliminary figures by statistics agency CBS.

The uptick followed two months in which inflation stood at 2.7%. Service and energy costs also rose, continuing the upward trend in May. The last time it stood at 3.2% was in January.

The cost of industrial goods excluding fuel fell by 0.5%, less than the 1.8% year-on-year drop recorded in the previous month.

Later on Tuesday Eurostat will publish the inflation figures for the eurozone for June. The measure of price increases was up by 2.6% in the year to May.

Forecasters expect inflation to shrink marginally to 2.5%, but the European Central Bank is hedging its bets on whether to cut interest rates by a quarter point at its July meeting, following the first cut in almost five years in June. The base rate currently stands at 4.25%.

The CBS will publish its complete figures on July 9, but these are not expected to be significantly different.