Latest reading: Consumer prices increased 2.9% on a year-on-year basis in August, following a 3.1% increase in the prior month....
Inflation in Netherlands
Harmonized consumer price inflation averaged 2.6% in the ten years to 2024. The 2024 average figure was 3.2%. For more inflation information, visit our dedicated page.
Netherlands Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Netherlands from 2024 to 2018.
Source: Macrobond.
Netherlands Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.1 | 2.8 | 11.6 | 4.1 | 3.2 |
| Inflation (HICP, ann. var. %, eop) | 0.9 | 6.4 | 11.0 | 1.0 | 3.9 |
| Inflation (PPI, ann. var. %, aop) | -3.2 | 10.1 | 20.4 | -0.2 | -0.6 |
Harmonized inflation falls to lowest level since December 2023 in July
Latest reading: Harmonized inflation ticked down to 2.5% in July, from June’s 2.8%. July's reading marked the lowest inflation rate since December 2023. The downtick was due to softer price growth for hospitality and recreation. Accordingly, the trend pointed down mildly, with annual average harmonized inflation coming in at 3.3% in July (June: 3.4%). Meanwhile, consumer price inflation edged down to 2.9% in July from the previous month's 3.1%. Lastly, harmonized consumer prices rose 0.99% over the previous month in July, swinging from the 0.01% drop seen in June.
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 20 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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