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Energy prices drive Dutch inflation
Dutch inflation rose slightly in April. It increased from 2,7% in March to 2,8% in April. In February, inflation was 2,4%. Inflation is also rising in the eurozone, although inflation in the Netherlands actually decreased slightly according to the European calculation method.
The conflict in Iran that began on February 28 and the closure of the Strait of Hormuz are driving up energy prices, and this is affecting inflation. Energy, including motor fuels, was 7,8% more expensive in April than a year earlier. In March, that difference was 6,5%, whereas in February it was still reported as 0,0%.
Monthly increase higher than average
In the CBS quick forecast, the increase in prices within a month is also published. In April, prices rose by 1,1% compared to March. That is higher than the average for that month over the past ten years (0,6%).
Energy more expensive
In April, inflation across the eurozone stood at 3,0%, an increase from 2,6% in March and 1,9% in February. The rise is primarily driven by higher energy prices. Energy became 10,9% more expensive year-on-year, compared to 5,1% in March. According to the European accounting method (HICP), inflation in the Netherlands actually fell slightly in April, from 2,6% in March to 2,5% in April.
Linda van Eekeres
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