A river under the bridge in the Netherlands

Netherlands Inflation

Netherlands Inflation

Inflation in Netherlands

Harmonized consumer price inflation averaged 2.4% in the ten years to 2022, above the Euro Area average of 1.8%. The 2022 average figure was 11.6%. For more inflation information, visit our dedicated page.

Netherlands Inflation Chart

Note: This chart displays Inflation (HICP, ann. var. %, aop) for Netherlands from 2014 to 2023.
Source: Statistics Netherlands.

Netherlands Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 1.6 2.7 1.1 2.8 11.6
Inflation (HICP, ann. var. %, eop) 1.8 2.8 0.9 6.4 11.0
Inflation (PPI, ann. var. %, aop) 3.0 0.9 -4.2 12.5 23.8

Harmonized inflation slides in December

Harmonized inflation came in at 1.0% in December, which was down from November’s 1.4% and below the Euro area average of 2.9%. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in December compared to the previous month, while price pressures for transportation strengthened. Annual average harmonized inflation fell to 4.1% in December (November: 4.9%). Meanwhile, consumer price inflation fell to 1.2% in December, from the previous month's 1.6%. Finally, harmonized consumer prices increased 0.20% in December over the previous month, swinging from November's 1.49% fall.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dutch inflation projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Dutch inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Dutch inflation projections.

Want to get access to the full dataset of Dutch inflation forecasts? Send an email to info@focus-economics.com.

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