Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
Inflation in Netherlands
Harmonized consumer price inflation averaged 2.6% in the ten years to 2024. The 2024 average figure was 3.2%. For more inflation information, visit our dedicated page.
Netherlands Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Netherlands from 2014 to 2025.
Source: Macrobond.
Netherlands Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.1 | 2.8 | 11.6 | 4.1 | 3.2 |
| Inflation (HICP, ann. var. %, eop) | 0.9 | 6.4 | 11.0 | 1.0 | 3.9 |
| Inflation (PPI, ann. var. %, aop) | -3.2 | 10.1 | 20.4 | -0.2 | -0.6 |
Inflation picks up in September from the prior month
Latest reading: Harmonized consumer prices rose 3.0% on a year-on-year basis in September, following a 2.4% increase in the prior month. Relative to the prior month's figures, there were higher price pressures for food and non-alcoholic beverages (+4.3% in annual terms vs +4.2% in August), transportation (+2.1% vs +1.6% in August), housing and utilities (+4.8% vs +4.7% in August) and restaurants and hotels (+4.3% vs -0.2% in August). In contrast, price pressures reduced for recreation in September(+2.4% vs +3.1% in August). Meanwhile, consumer prices increased 3.3% in annual terms in September, following a 2.8% increase in the previous month. Finally, harmonized consumer prices declined 0.31% in September in month-on-month terms, following a 0.31% rise in the previous month.
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 18 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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