The Netherlands within the eurozone 'inflation champion'

With an inflation rate of 11,9% in March, the Netherlands is one of the countries with the highest inflation within the eurozone. Only in Lithuania (15,6%) and Estonia (14,8%) was inflation even higher. This is evident from figures published by Eurostat yesterday (1 April). On average, prices in the eurozone were 7,5% more expensive in March than one year previously. In February it was 5,9%.

In the Netherlands, inflation, according to the European calculation method, was 7,3% in February. This means that the Dutch inflation figures made the biggest jump in March. Inflation in Latvia also rose relatively fast, from 8,8% in February to 11,2% in March. In Germany, inflation in March was close to the eurozone average at 7,6%. In February inflation there was 'only' 5,5%. 

Inflation in Belgium is falling 
Belgium and Slovenia are the only euro countries where inflation fell (slightly). Inflation in our southern neighbors went from 9,5% in February to 9,3% in March. In Slovenia inflation was 7% in February and 6% in March. Countries where inflation was below 6% are: Malta (4,6%), France (5,1%), Portugal (5,5%) and Finland (5,6%).

For the entire eurozone, it was mainly energy prices that contributed to the price increases (+44,7% in March, +32% in February). This was followed by food, alcohol and tobacco (+5,0% in March, 4,2% in February), industrial goods (+3,4% in March, 3,1% in February) and services (+2,7% in March, +2,5% in February).

Linda van Eekeres

Linda van Eekeres is co-writing editor-in-chief. She mainly focuses on macro-economic developments and the influence of politics on the agricultural sector.

l.vaneekeres@boerenbusiness. Nl

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