Dutch rate of inflation fell to zero in April

10th May 2016, Comments 0 comments

The Dutch inflation rate fell to zero in April, largely due to the low oil price, the national statistics office CBS said on Tuesday.

The last time no overall increase in prices was recorded was in January 2015 and before that, December 1987.

The CBS said low oil prices had coincided with a drop in mobile phone prices and banking fees to force inflation down.

The fact that Easter was in March this year had an added impact because the price of plane tickets tend to rise around holidays, the CBS said.

 

© DutchNews.nl

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