Netherlands: Inflation rises to highest level in more than two years
February 10, 2011
In January, consumer prices rose 0.1% over the previous month after declining 0.2% in December. The main drivers of the increase were rising prices for education and transport, which were partially offset by falling prices in the clothing and footwear category. As a result, annual inflation inched up to 2.1% in January (December: 1.9%), representing the highest inflation rate in more than two years. Annual average HICP inflation, based on the harmonised index of consumer prices, increased to 1.1% in January. The Central Bank expects HICP inflation to average 1.5% in 2011 and 1.6% in 2012.