Inflation in Netherlands
Netherlands - Harmonized Inflation (end of period)
Harmonized inflation declines to lowest level since June in December
Harmonized inflation ticked down to 11.0% in December, following November’s 11.3%. December's reading represented the weakest inflation rate since June. Lower price pressures for housing and transport more than offset higher price pressures for food, recreation and restaurants and hotels.
Annual average harmonized inflation rose to 11.6% in December (November: 11.3%). Meanwhile, consumer price inflation fell to 9.6% in December, from the previous month's 9.9%.
Lastly, harmonized consumer prices rose 0.66% from the previous month in December, swinging from November's 3.90% fall.
On the outlook, ING’s Marcel Klok commented:
“As gas prices have come down in wholesale markets and the energy price ceiling was introduced in early 2023, energy will contribute less (and in some months negatively) to inflation. Selling price expectations of non-financial businesses remain very high though. This suggests that core inflation might peak somewhere later in 2023. Earlier peaks in purchasing prices of inputs like raw materials, transportation, and energy will still be passed on to consumers.”
Our panel projects harmonized inflation to average 6.6% in 2023, which is up 0.5 percentage points from last month’s forecast, and 3.2% in 2024.
Netherlands - Harmonized Inflation (eop) Data
|Inflation Rate (HICP, annual variation in %, eop)||0.5||0.7||1.2||1.8||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Netherlands Harmonized Inflation (eop) Chart
Source: Statistics Netherlands and FocusEconomics calculations.
|Bond Yield||-0.06||5.70 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 20, 2023
Consumer confidence rose to minus 49.0 in January from December's minus 52.0.
January 10, 2023
Harmonized inflation ticked down to 11.0% in December, following November’s 11.3%.
January 2, 2023
The NEVI Manufacturing Purchasing Managers’ Index (PMI), produced by S&P Global, increased to 48.6 in December from 46.0 in November.
December 30, 2022
Business confidence rose to 3.3 in December from November's 3.0.
December 20, 2022
Consumer confidence rose to minus 52.0 in December from November's minus 57.0.