Dutch inflation hits 10.3% as energy and food
prices soar
Business
August 4, 2022
https://www.dutchnews.nl/news/2022/08/dutch-inflation-hits-10-3-as-energy-and-food-prices-soar/
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households are feeling the pinch. Photo: Depositphotos.com The Dutch annual
rate of inflation rose to 10.3% in July, when calculated according to domestic
guidelines, national statistics agency CBS said on Thursday. It is the first
time the Dutch rate has topped 10% since September 1975. The rise from 8.6% in
June was largely due to the cost of energy and to the increase in housing
rents, which traditionally go up in July. However, food was also 12.3% more
expensive year on year, the CBS said. Last week the CBS said that inflation,
when calculated according to the harmonised European system was 11.6%. The EU
system uses a different basket of goods to calculate inflation and does not
include rental housing, for example.
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