Dutch inflation low in July

5th August 2004, Comments 0 comments

5 August 2004, AMSTERDAM — Dutch inflation in July was 1.1 percent, 0.3 percent down on June, the Central Bureau of Statistics (CBS) said Thursday.

5 August 2004

AMSTERDAM — Dutch inflation in July was 1.1 percent, 0.3 percent down on June, the Central Bureau of Statistics (CBS) said Thursday.

Consumer prices went down by an average 0.1 percent from June to July 2004. Gas, motor fuels, train tickets and holiday accommodations became more expensive.

Clothes, shoes and potatoes, on the other hand, fell substantially in price. Fresh vegetables, flowers and plants also became cheaper. Telephone charges went down too, the CBS said.

The gap between inflation in the Netherlands and the average inflation rate in the euro-zone continues to increase.

According to the European method of calculation, the inflation rate for the Netherlands fell from 1.5 percent in June 2004 to 1.2 percent in July 2004.

"Eurostat, the statistical office of the EU, expects inflation in the euro area to equal 2.4 percent in July, the same rate as in June. This implies that Dutch inflation is 1.2 percentage points below the average rate in the euro-zone," the CBS said.

"It is for the first time since 1996, when this method of calculation was introduced, that the Dutch inflation rate was so far below the euro-zone’s average."

In June, the inflation rate for the Netherlands was 1.5 percent — according to the European standards — the second lowest rate in the Eurozone. Only Finland's inflation rate was lower at negative 0.1 percent.

[Copyright Expatica News 2004]

Subject: Dutch news, inflation in the Netherlands

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