Netherlands Inflation Rate

Last Release

Nov 30, 2024

Actual

Units In

3.5

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
14.5 Sep 2022	-1.3 Feb 1987	3.3 %	1971-2024	Statistics Netherlands

In Netherlands, the most important categories in the consumer price index are: housing, water, electricity and gas (24.5 percent of the total weight); transport (11.6 percent) and food and non-alcoholic beverages (11.3 percent). The index also includes: recreation and culture (10.3 percent); furnishing and household equipment (6 percent); clothing and footwear (4.9 percent); hotels and restaurants (4.2 percent); communication (3.3 percent) and alcoholic beverages and tobacco (3.1 percent). Health, education and other goods and services account for the remaining 20.8 percent of total weight.

Latest Updates

The annual inflation rate in the Netherlands rose to 4% in November 2024, up from 3.5% in October, in line with preliminary estimates. This marks the highest reading since July 2023, primarily due to a rebound in transport prices (1.5% vs -0.9% in October), driven by higher motor fuel costs. Additionally, inflation was higher for food and non-alcoholic beverages (2.5% vs 2.1%), clothing and footwear (3.6% vs 2%), and health (6.4% vs 6.1%). Meanwhile, prices continued to decline for upholstery and household appliances (-1.6% vs -2.3%), and inflation edged down for housing and utilities (4.5% vs 4.6%). On a monthly basis, consumer prices fell by 0.6%, following a 0.5% rise in October. The harmonized CPI, used for comparisons with other EU member states, increased by 3.8% year-on-year, accelerating from a 3.3% rise in the prior month.