Home breadcru News breadcru Industrial breadcru Netherlands' CPI jumps 9.6% YoY in Dec 2022; clothing 12.3% costlier

Netherlands' CPI jumps 9.6% YoY in Dec 2022; clothing 12.3% costlier

11 Jan '23
1 min read
Pic: Shutterstock/ esfera
Pic: Shutterstock/ esfera

Netherlands’ consumer price index (CPI) rose 9.6 per cent year-on-year (YoY) in December 2022. In November, the inflation rate stood at 9.9 per cent. The price development of energy had a downward effect on inflation, as per Statistics Netherlands (CBS). Clothing had an upward effect on inflation.

Clothing prices increased by 12.3 per cent YoY in December 2022 in the Netherlands. On average, consumer prices were 10.0 per cent higher in 2022 than in the previous year, according to a report by the CBS.

In November, the YoY increase was 6.6 per cent. Excluding energy and motor fuels, inflation would have increased from 6.8 per cent in November to 7.5 per cent in December.

ALCHEMPro News Desk (NB)

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