Saturday 11 July 2020

Dutch inflation reaches 1.5% in January as energy taxes rise

Photo: Depositphotos.com

Higher energy taxes pushed inflation up to 1.5% in January from 1.3% in December, the national statistics office CBS said on Thursday.

Electricity bills were 12.8% higher in January while the price of gas rose by 5.9%. These price increases were due to higher energy taxes brought in by the new government, the CBS said. Clothing became cheaper in the same period.

Calculated according to EU guidelines, inflation in the Netherlands was also 1.5% in January, slightly above the average eurozone rate of 1.3%.

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