Dutch inflation at 15-year low

6th January 2005, Comments 0 comments

6 January 2005, AMSTERDAM — Inflation in the Netherlands last year finished at the lowest level since 1989, according to the latest report by the Central Bureau for Statistics.

6 January 2005

AMSTERDAM — Inflation in the Netherlands last year finished at the lowest level since 1989, according to the latest report by the Central Bureau for Statistics.

Consumer prices in 2004 rose on average 1.2 percent, the CBS said, compared with 2.1 percent the previous year.

The lowest level was recorded in 1989 when the annual rate fell to 1.1 percent. The average rate from then to 2004 was 2 percent. 

The CBS said the low inflation rate in 2004 was mainly due to a drop in prices for food products and alcohol-free drinks. These two sets of products were on average 3.5 percent cheaper than in 2003.

The cost of alcohol drinks dropped by an average 3 percent last year.

[Copyright Expatica News 2004]

Subject: Dutch news, Dutch inflation

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