Home News In February, Dutch inflation accelerated; at 8.0%

In February, Dutch inflation accelerated; at 8.0%

Statistics Netherlands (CBS) reports in a flash estimate that the CPI-measured inflation rate stood at 8.0 percent in February. The flash estimate was calculated on the basis of still incomplete source data. In January, consumer goods and services were 7.6 percent more expensive than one year previously. The regular consumer price index figures will be published on 14 March.
An inflation rate of 8.0 percent in February 2023 means that prices of consumer products were on average 8.0 percent higher than in February 2022. The 8.0-percent inflation rate is therefore not on top of the 7.6-percent inflation of January.

Price development of product groups

In addition to the CPI inflation rate, CBS also publishes the price development of a number of product groups as part of its flash estimate. Four groups together constitute total CPI expenditure. These include: non-energy industrial goods; energy including motor fuels; food, beverages and tobacco; and services.

New energy price measurement method

As from reporting month June 2023, in which the flash estimate will be published on 30 June, CBS will employ a new method to measure energy prices in the CPI. Under the current method, the price development of energy is measured on the basis of new energy contracts. The new method uses transaction data provided by energy suppliers, so that the tariffs paid under long-standing energy contracts can also be taken into account. This will result in a more accurate inflation rate. Today, CBS publishes an update on its research into the new method of measuring energy prices.

Source: Statistics Netherlands (CBS)
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