Latest reading: Inflation fell for the ninth month running in July and hit a just-over eight-year low of 1.6%, down...
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 over one-year low in June
Latest reading: Harmonized inflation inched down to 2.8% in June, following May’s 2.9%. June's result marked the lowest inflation rate since May 2024 and was driven by lower price pressures for tobacco. In contrast, prices for food and non-alcoholic beverages, recreation, and hospitality rose at stronger rates; transport costs returned to growth; and housing and utilities price pressures remained at May’s over two-year high. Annual average harmonized inflation ticked down to 3.4% in June (May: 3.5%). Meanwhile, consumer price inflation fell to 3.1% in June from the previous month's 3.3%. Lastly, harmonized consumer prices fell 0.01% from the previous month in June, a smaller fall than May's 0.86% drop.
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.
Latest Global Inflation News
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Costa Rica: Consumer prices register biggest fall since October 2024 in July Latest reading: Consumer prices fell 0.6% year-on-year in July, a steeper fall compared to June’s 0.2% year-on-year fall. July’s result...