News Financial
Dutch inflation falls, but higher than eurozone
According to the CBS rapid estimate, inflation in January is 3,3%. That is lower than in December (4,1%), but Dutch inflation is still above the eurozone average.
Prices fell by 0,3% in the Netherlands compared to December. However, CBS does add the caveat that when comparing two different months of the year, the season plays a role, such as plane tickets being more expensive in the high season.
Over a year, energy including motor fuels became 1,4% cheaper (was +1,5% in December). The category food, beverages and tobacco did become more expensive on an annual basis; 7,0%, compared to 6,7% in December. Services were 2024% more expensive in December 5,8 than in December 2023 and in January they were 4,4% more expensive on an annual basis.
Croatia and Belgium
Inflation in the eurozone has increased slightly, from 2,4% in December to 2,5% last month. According to the European calculation method (the European harmonised consumer price index, HICP), inflation in the Netherlands is 2,9% (was 3,9% in December). Croatia had the highest inflation in January with 5% (was 4,5% in December). Belgium follows with 4,4% (remained the same). Inflation in Germany also remains at 2,8% at the same level as a month earlier. Inflation in France is increasing, but at 1,8% it is, together with Italy (1,7%), Finland (1,6%) and Malta (1,7%), the lowest in the eurozone.
In the eurozone, services have the highest rate of inflation (3,9% compared to 4,0% in December), followed by food, alcohol and tobacco (2,3% compared to 2,6% in December), energy (1,8% compared to 0,1% in December) and non-energy industrial goods (0,5%, the same as in December).
Linda van Eekeres
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