A river under the bridge in the Netherlands

Netherlands Inflation April 2024

Netherlands: Harmonized inflation falls to lowest level since December 2023 in April

Harmonized inflation eased to 2.6% in April, below March’s 3.1%. April’s result represented the weakest inflation rate since December 2023. The figure was primarily driven by slowdowns in price growth for housing and utilities, transport, and recreation and culture. That said, April saw stronger price increases for food and non-alcoholic beverages.

Accordingly, the trend pointed down, with annual average harmonized inflation coming in at 2.8% in April (March: 3.1%). Meanwhile, consumer price inflation fell to 2.7% in April, from the previous month’s 3.1%.

Finally, harmonized consumer prices increased 1.06% in April over the previous month, accelerating from the 0.62% increase seen in March. April’s figure was the highest reading since July 2023.

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