A river under the bridge in the Netherlands

Netherlands Inflation November 2022

Netherlands: Harmonized inflation moderates in November

Harmonized inflation decelerated to 11.3% in November, following Octobers 16.8%. Softer price pressures for energy led the downturn. Softer price pressures for clothing, transport and restaurants and hotels also contributed. That said, food inflation intensified.

The trend pointed up, with annual average harmonized inflation coming in at 11.3% in November (October: 10.8%). Meanwhile, consumer price inflation decelerated to 9.9% in November, from the previous month’s 14.3%.

Lastly, harmonized consumer price fell 3.9% in November over the prior month (October: 1.3% mom).

On the outlook, INGs Marcel Klok commented:

“HICP headline inflation seems to have reached its peak in September 2022, but […] it’s set to remain quite high throughout next year. The pipeline still contains cost price increases due to earlier peaks in purchasing prices of things like raw materials, transportation and energy. Higher labour costs will also continue to drive inflation up. Rents and the tobacco tax also contribute considerably to the prices consumers will pay in 2023.”

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