Wednesday 06 July 2022

Inflation dips slightly in April, early European figures show

Food is still rising in price. Photo: Depositphotos.com

The Dutch rate of inflation remains at a record high level when calculated according to European methods, hitting a preliminary figure of 11.2% in April, national statistics agency CBS said on Friday.

In March, the European figure was 11.7%, the fourth highest rate within the eurozone. The full European figures will be published later on Friday.

The drop in inflation is not surprising, given that oil and gas prices fell in April after rising sharply because of the war in Ukraine. At the same time, however, food is becoming increasingly expensive, with prices rising 7.2% in April, compared with 5.5% in March, the CBS said.

Calculated according to Dutch methods, which includes the impact of rental housing, inflation reached 9.7% in March, the CBS said earlier this month.

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