Thursday 18 August 2022

Dutch inflation hits 10.3% as energy and food prices soar

More households are feeling the pinch. Photo: Depositphotos.com

The Dutch annual rate of inflation rose to 10.3% in July, when calculated according to domestic guidelines, national statistics agency CBS said on Thursday.

It is the first time the Dutch rate has topped 10% since September 1975. The rise from 8.6% in June was largely due to the cost of energy and to the increase in housing rents, which traditionally go up in July.

However, food was also 12.3% more expensive year on year, the CBS said.

Last week the CBS said that inflation, when calculated according to the harmonised European system was 11.6%. The EU system uses a different basket of goods to calculate inflation and does not include rental housing, for example.

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