A river under the bridge in the Netherlands

Netherlands Inflation January 2023

Netherlands: Harmonized inflation declines to lowest level since February 2022 in January

Harmonized inflation fell to 8.4% in January, following December’s 11.0%. January’s reading represented the weakest inflation rate since February 2022. Lower price pressures for housing, clothing and restaurants more than offset higher price pressures for food, health and transport.

Annual average harmonized inflation rose to 11.7% in January (December: 11.6%). Meanwhile, consumer price inflation fell to 7.6% in January from the previous month’s 9.6%.

Lastly, harmonized consumer prices fell 1.90% from the previous month in January, swinging from December’s 0.66% increase.

Analysts at the EIU commented:

“As elsewhere in the region, high inflation is mainly linked to supply bottlenecks and elevated global commodity prices. However, a peculiarity related to the authorities’ calculation of the utility price component of inflation (which assumes that utility rates rise in line with spot prices, despite the large number of fixed-rate contracts) means that inflation has been higher than in most other countries in the region.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen