Dutch inflation holds at 3.1% in June, driven by seasonal costs: CBS

Dutch consumer goods and services were 2.8 per cent more expensive in June YoY, slightly down from 2.9 per cent in May, according to the Harmonised Index of Consumer Prices (HICP). Across the euro area, inflation rose marginally from 1.9 per cent in May to 2 per cent in June.

Air travel and seasonal accommodations were key contributors to the inflation rate in June. While international flight tickets were still 11.1 per cent cheaper than in June 2024, this was a smaller decline compared to May’s 20.3 per cent year-over-year (YoY) drop.

The cost of miscellaneous goods and services rose modestly, with the index moving from 0.42 to 0.44. Notably, energy prices in the Netherlands increased YoY, while falling across the wider eurozone.

ALCHEMPro News Desk (SG)