Netherlands: Inflation remains stable in November
December 9, 2010
In November, consumer prices decreased 0.1% over the previous month, which contrasted the 0.1% increase registered in October. The main drivers behind the decline were falling prices for clothing, petrol and flowers. Annual inflation remained unchanged at 1.6% in November, which came in above market expectations that had inflation falling to 1.4%. Similarly, annual average inflation stalled at 1.2% in November. Annual average harmonised inflation, based on the harmonised index of consumer prices (HICP), remained unchanged in November at 0.8%. The Central Bank expects harmonised inflation to average 1.0% in 2010 before accelerating to 1.5% in 2011.