According to the preliminary estimate of the Central Statistics Office, inflation in the Netherlands was 5.2 percent in April. This means that the prices of consumer goods such as food and energy were on average 5.2 percent higher than in April of the previous year.
The CBS forecast shows prices rising slightly faster than in March. This is partly due to the lesser decrease in energy prices compared to the previous year.
In particular, the prices of food, beverages and tobacco and the prices of industrial goods rose. Food prices rose 13.3 percent year on year. This is slightly less strong than March.
Core inflation, excluding food and energy, was 6.7 percent, at the same level in February and March.
Inflation in the Netherlands started to rise rapidly after the Russian invasion of Ukraine last February. Among other things, gas and electricity have become significantly more expensive. Inflation has fallen in recent months, partly because energy has become cheaper again. Prices of food, industrial products and services rose,
Significant wage demands are made in collective bargaining to compensate for inflation. Average wage growth is now above inflation.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
