A river under the bridge in the Netherlands

Netherlands Inflation March 2023

Netherlands: Harmonized inflation nearly halves in March

Harmonized inflation decelerated sharply to 4.5% in March from February’s 8.9%. March’s reading was the lowest since October 2021. The deceleration was largely driven by reduced energy costs.

In turn, annual average harmonized inflation edged down to 11.2% in March (February: 11.8%). Moreover, consumer price inflation fell to 4.4% in March from the previous month’s 8.0%.

Lastly, harmonized consumer prices rose 0.21% in March over the previous month, compared with an increase of 1.34% in February.

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