August 9, 2022
According to internal standards, the annual rate of inflation in the Netherlands increased to 10.3 percent in July, the national statistics agency CBS reported. It is the first time since September 1975 that the Dutch rate has exceeded 10%. Energy prices and rising rents, which typically climb in July, were the main causes of the increase from 8.6 percent in June. However, according to the CBS, food prices increased annually by 12.3 percent as well.
According to the harmonised European approach, which the CBS used to calculate inflation last week, it was 11.6 percent. For example, rental housing is not included in the inflation calculation used by the EU system, which utilizes a different basket of products.
Source: DutchNews.nl
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