Dutch inflation eases to 2.8% in August as clothing costs rise

Clothing prices had a notable upward effect on inflation, rising 3.5 per cent year-over-year (YoY) in August, reversing a 1.6 per cent decline seen in July. Motor fuel prices also contributed to the higher inflation reading.

While energy prices declined across much of the euro area, they increased in the Netherlands, CBS said in a press release.

By the European Harmonised Index of Consumer Prices (HICP) standards, Dutch inflation stood at 2.4 per cent in August, compared with 2.5 per cent in July. Across the euro area, inflation edged up to 2.1 per cent from 2 per cent.

ALCHEMPro News Desk (SG)