Thursday 07 July 2022

Inflation low since introduction of the euro 10 years ago

In the 10 years since the euro was introduced in 12 eurozone countries, inflation in the Netherlands has remained low and stable, according to new research by the national statistics office CBS.


Prior to the introduction of the euro, inflation was often higher and fluctuated more strongly, the research shows. Since 2002, inflation has hovered between 0.5% and just over 2% – averaging at 1.9%.
This is ‘practically the first time since World War II that inflation has been below 2% when averaged over 10 years,’ the CBS said.
Between 1992 and 2001, inflation averaged 2.7%.
Average inflation in the eurozone over the first 10 years of the euro was 2.08%, almost in line with European Central Bank targets. Best individual performers were Germany, Finland and the Netherlands.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.