This means that consumer product prices were 5.2% higher in April 2023, compared to the same period last year.
The ‘quick estimate’ is calculated on the basis of still-incomplete source data. In March, consumer goods and services were 4.4% more expensive than they were 12 months previously.
The regular figures of the Consumer Price Index (CPI) will be published on 11 May, Statistics Netherlands noted.
Since 1996, Statistics Netherlands has published two different figures for inflation: one based on the CPI, and one based on the European Harmonised Index of Consumer Prices (HICP).
The quick estimate of inflation in the Netherlands, according to the HICP, was 5.9% in April. Inflation in March was 4.5%.
Consumer Goods And Services
Consumer goods and services in the Netherlands were 8.0% more expensive in February 2023 than in the same month last year, according to data from Statistics Netherlands.
Food items were 18.4% more expensive in February, compared to the same period last year, while they were 17.6% higher in January. Statistics Netherlands noted that this was mainly due to price increases in the fresh-vegetable category.
As ESM recently reported, the Dutch retail sector recorded 8.5% year-on-year turnover growth in February 2023, while volume sales decreased by 2.9%. Turnover in the food sector was 10.5% higher than it was before.