Dutch Inflation Leaps To 17%, Boosted By High Energy Prices

By Donna Ahern
Dutch Inflation Leaps To 17%, Boosted By High Energy Prices

Inflation in the Netherlands jumped in September to its highest in decades, driven by skyrocketing energy prices, the statistics agency (CBS) said on Friday.

Consumer prices, harmonised to be comparable with inflation data from other European Union countries (HICP), rose to 17.1% this month after August's jump to 13.7%.

Energy prices in the euro zone's fifth largest economy were 114% higher than in September 2021, while food prices jumped 10.5%.

Inflation Impact 

Inflation helped drive retail sales up 2% in August, the CBS said, even though sales volumes dropped 6% as consumer confidence has hit an all-time low.

This month, the Dutch government said it would spend about €18 billion next year to help people pay their bills, and also capped the prices of gas and electricity.

News by Reuters, edited by Donna Ahern, Checkout. For more retail stories, click here. Click subscribe to sign up for the Checkout print edition.

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