Netherlands' Inflation Rate the Highest in 47 Years
The Netherlands' annual inflation rate jumped to 10.3 percent in July 2022 from 8.6 percent a month earlier.
The latest figure was the fastest rise in consumer prices since September 1975, with cost of food and non-alcoholic beverages rising the most on record (12.2% vs 11.1% in June), largely due to oils & fats, milk, cheese and eggs, meat, and fish & seafood.
Additional upward pressures also came from prices of energy (108% vs 83.5%), housing (16.8% vs 11.3%), clothing and footwear (1.9% vs 0.8%), furnishings & household equipment (8.6% vs 9.8%), and recreation & culture (4.3% vs 3.2%).
The annual core inflation, which excludes energy, food, alcohol, and tobacco climbed to a record peak of 4.9% in July from 3.7% in June. On a monthly basis, consumer prices increased by 2.1 percent in July, the most since April 1976, after being flat in June.
