Inflation in Netherlands
Netherlands - Inflation
Harmonized inflation comes in at record-high level in August
Harmonized inflation rose to 13.7% in August, following July’s 11.6%. August's figure was the highest inflation rate since records began. The increase was broad-based, with greater price pressures recorded for food, energy and industrial goods.
The trend pointed up, with annual average harmonized inflation coming in at 8.5% in August (July: 7.6%). Meanwhile, consumer price inflation rose to 12.0% in August, from the previous month's 10.3%. This marked the highest print since at least 1963, when current records began.
On a monthly basis, harmonized consumer prices rose 2.35% in August. This was up from July’s 2.17% increase and marked the strongest monthly expansion since March.
Analysts at the EIU added:
“Annual inflation in the Netherlands has been in double digits since March […]. As elsewhere in the region, this is mainly linked to supply bottlenecks and higher global commodity prices. However, a peculiarity related to the authorities' calculation of the utility price component of inflation […] means that inflation has been higher than in most other countries in the region. […] We forecast average inflation of 10.8% in 2022, slowing to a still-high 8.4% in 2023.”
FocusEconomics panelist expect harmonized inflation to average 9.7% in 2022, which is up 0.7 percentage points from last month, and 4.4% in 2023, which is up 0.5 percentage points from last month.
Netherlands - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.6||0.3||1.4||1.7||2.6|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Inflation Chart
Source: Statistics Netherlands and FocusEconomics calculations.
|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 1, 2022
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, eased to 52.6 in August from 54.5 in July, marking the lowest print since October 2020.
August 31, 2022
Harmonized inflation rose to 13.7% in August, following July’s 11.6%.
August 30, 2022
Business confidence moderated to 4.6 in August, down from July's 8.4.
August 24, 2022
Consumer confidence came in at minus 54.0 in August, down from July's minus 51.0.
August 17, 2022
GDP growth accelerated to 2.6% on a seasonally-adjusted quarter-on-quarter basis in the second quarter, from 0.5% in the first quarter.