A river under the bridge in the Netherlands

Netherlands Inflation October 2022

Netherlands: Harmonized inflation moderates in October

Harmonized inflation decelerated to 16.8% in October, following Septembers 17.1%. Softer price pressures for energy and transport led the downturn. That said, food inflation rebounded.

The trend pointed up, with annual average harmonized inflation coming in at 10.8% in October (September: 9.7%). Meanwhile, consumer price inflation decelerated to 14.3% in October, from the previous month’s 14.5%.

Lastly, harmonized consumer price rose 1.33% in October over the prior month (September: 2.84% mom).

On the specifics of Dutch inflation measurement and the outlook, EIU analysts commented:

“[…] a peculiarity related to the authorities’ calculation of the utility price component of inflation (which assumes that utility rates rise in line with spot prices, despite the large number of fixed-rate contracts) means that inflation has been higher than in most other countries in the region. The authorities are reviewing the way in which they calculate inflation; in the meantime annual inflation will remain extremely high. We estimate inflation at an average of 12.4% in 2022, slowing to a still-high 10% 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 X Download Fullscreen