Inflation has been rising in the Netherlands for more than a year following it topped 2% in August last year, for the first time in a long time.
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Inflation reached 12% in the Netherlands last month
Consumer prices in the Netherlands rose 12% year-on-year in August, the highest level the country has seen since 1945, according to official data published on Tuesday.
“Energy is currently a major contributor to global inflation,” the Dutch Central Statistical Office (CBS) said in a statement.
And the statement stated that “energy was more expensive by 151% in August compared to the same month of the previous year. And it was higher by 108% in the month of July.”
Inflation has been rising in the Netherlands for more than a year, having topped 2% in August of last year, for the first time in a long time.
The Central Bureau of Statistics explained that the increase, amounting to 12% last August, is a record level, “since we started recording monthly numbers in 1963.”
Consumer prices in the Netherlands rose by 10.3% on an annual basis in July, and the statement indicated that the prices of clothing and food rose by 13.1%.
On the other hand, the annual rise in fuel prices in August was less than it was in July, reaching 16.7% last August, compared to the same month of the previous year, while fuel prices increased by 24.6% in July. July on an annual basis.
According to the European Union Harmonized Consumer Price Index (HICP), consumer prices in the Netherlands rose by 13.7% in August year-on-year.
And “Eurostat” announced, last week, that inflation in the euro area broke a new record last August, and reached 9.1% on an annual basis.
