Annual Inflation In Netherlands Increases To Record 14.5% In September - Statistics Agency

Faizan Hashmi Published October 06, 2022 | 02:20 PM

Annual Inflation in Netherlands Increases to Record 14.5% in September - Statistics Agency

MOSCOW (UrduPoint News / Sputnik - 06th October, 2022) Consumer prices in the Netherlands rose to a record 14.5% year-on-year in September from 12% the month earlier, Statistics Netherlands (CBS) said on Thursday.

The increase in inflation was mainly due to rising energy prices, the agency said, adding that the electricity prices have tripled over the past year.

The overall level of prices for goods and services in the Netherlands increased by 17.1%.

Dutch media have pointed out, however, that CBS calculates data on the basis of new energy contracts, which means that actual inflation may be lower as not all households have switched to new contracts since September.

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