Dutch inflation edges down

9th June 2005, Comments 0 comments

9 June 2005, AMSTERDAM — Dutch inflation fell 0.2 percent in May to 1.3 percent compared with a month earlier, the Central Bureau of Statistics (CBS) said on Thursday.

9 June 2005

AMSTERDAM — Dutch inflation fell 0.2 percent in May to 1.3 percent compared with a month earlier, the Central Bureau of Statistics (CBS) said on Thursday.

The fall in inflation was largely due to lower fuel prices, the CBS said.

On average, consumer prices remained unchanged in May compared with April. Fuel costs were 2.1 percent cheaper in May. Telephone costs were also cheaper, but food and drinks rose in price.

Between April and May last year, prices rose 0.2 percent while they remained stable this year.

It means prices in April 2005 were 1.5 percent more expensive than the same period last year and 1.3 percent higher in May compared with a year earlier.

On a yearly comparative basis, prices thus fell 0.2 percent in May, bringing Dutch inflation to the lowest rate since December 2004. Inflation on average was 1.2 percent last year.

Dutch inflation was 1.1 percent in May based on the European standard of measurement, down from 1.3 percent in April.

According to Eurostat, the European statistics bureau, Dutch inflation is low on an international comparative basis.

Eurostat expects average eurozone inflation in May to come to 2 percent, down from 2.1 percent in April.

[Copyright Expatica News 2005]

Subject: Dutch news

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