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Market Update: Dutch Inflation Rate at 17-Month High of 2.1%
The Netherlands’ annual inflation rate increased to 2.1 percent in May of 2021 from 1.9 percent in the previous month. It was the highest inflation rate since December 2019, amid a jump in transport prices (4.7% vs 2.3%), due to a rise in prices of fuel (19.8%). At the same time, prices advanced faster for both housing (2.9% vs 2.8%), and recreation & culture (1.6% vs 0.9%). Meanwhile, prices continued to increase for both clothing and footwear (2.6% vs 3.1%) and furnishings & household equipment (1.2% vs 1.9%). By contrast, food and non-alcoholic beverages prices fell further (-1.5 percent vs -2.1 percent). The annual core inflation, which excludes energy, food, alcohol, and tobacco rose to a three-month high of 1.9 percent in May from 1.6 percent in April. On a monthly basis, consumer prices edged up 0.1 percent, easing from a 0.5 percent gain in the prior month. source: Statistics Netherlands [/s2If]
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