Netherlands: Inflation moderates a notch in February
March 10, 2011
In February, consumer prices increased 0.7% over the previous month after remaining flat in January. The main drivers of the increase were rising food and transport prices, which were partially offset by falling prices in the consumption abroad category. Despite the pronounced price increase in February, annual inflation inched down to 1.9% from 2.0% in January. Annual average HICP inflation, based on the harmonised index of consumer prices, stepped up to 1.2% in February, representing the highest inflation rate since October 2009. The Central Bank expects HICP inflation to average 1.5% in 2011 and 1.6% in 2012.