Statistics Netherlands released the Inflation rate of February 2006. It stated that Inflation in the Netherlands fell to 1.1 percent in February. This is 0.2 of a percent point down on January.
In that month consumer prices were 1.3 percent higher than twelve months previously. According to Statistics Netherlands' consumer price index, the decrease is the consequence of developments in the prices of motor fuels, fresh vegetables and clothes.
Inflation according to the European harmonised method (HICP) was 1.4 percent in February.
Prices of petrol and LPG fell in February. The downward effect this had on inflation was intensified because the prices of these products rose substantially in February 2005.
Prices of clothes and clothing fabrics, too, had a downward effect on inflation. Although the prices did increase as the new summer collections arrived in the shops in February, the price increase was larger in February last year. As a result clothes and fabrics were 2.5 percent cheaper than twelve months ago.
Dutch inflation calculated according to the European harmonised method (HICP) was 1.4 percent in February. In January it was still 1.8 percent. Eurostat, the statistical office of the European Union, expects inflation in the eurozone to be 2.3 percent in February. In January it was 2.4 percent.
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