A river under the bridge in the Netherlands

Netherlands Inflation December 2022

Netherlands: Harmonized inflation declines to lowest level since June in December

Harmonized inflation ticked down to 11.0% in December, following Novembers 11.3%. December’s reading represented the weakest inflation rate since June. Lower price pressures for housing and transport more than offset higher price pressures for food, recreation and restaurants and hotels.

Annual average harmonized inflation rose to 11.6% in December (November: 11.3%). Meanwhile, consumer price inflation fell to 9.6% in December, from the previous month’s 9.9%.

Lastly, harmonized consumer prices rose 0.66% from the previous month in December, swinging from November’s 3.90% fall.

On the outlook, INGs Marcel Klok commented:

“As gas prices have come down in wholesale markets and the energy price ceiling was introduced in early 2023, energy will contribute less (and in some months negatively) to inflation. Selling price expectations of non-financial businesses remain very high though. This suggests that core inflation might peak somewhere later in 2023. Earlier peaks in purchasing prices of inputs like raw materials, transportation, and energy will still be passed on to consumers.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest