Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Netherlands
In the year 2024, the inflation in Netherlands was 3.22%, compared to 0.32% in 2014 and 4.10% in 2023. It averaged 2.65% over the last decade. For more inflation information, visit our dedicated page.
Netherlands Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Netherlands from 2024 to 2018.
Source: Macrobond.
Netherlands Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.7 | 1.1 | 2.8 | 11.6 | 4.1 |
| Inflation (HICP, ann. var. %, eop) | 2.8 | 0.9 | 6.4 | 11.0 | 1.0 |
| Inflation (PPI, ann. var. %, aop) | 0.6 | -3.2 | 10.1 | 20.4 | -0.2 |
Harmonized inflation falls in August
Latest reading: Harmonized inflation eased to 3.3% in August, following July’s 3.5%. August's figure represented the lowest inflation rate since May. Looking at the details of the release, prices for transportation and recreation grew at a more moderate rate. Annual average harmonized inflation was unchanged at July's 2.1% in August. Meanwhile, consumer price inflation edged down to 3.6% in August from July’s 3.7%. Finally, harmonized consumer prices increased 0.37% in August over the previous month, which was below July's 1.26% increase.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Dutch inflation projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Dutch inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Dutch inflation projections.
Want to get access to the full dataset of Dutch inflation forecasts? Send an email to info@focus-economics.com.
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