Dutch inflation rose in March

7th April 2005, Comments 0 comments

7 April 2005, AMSTERDAM — Inflation rose slightly to 1.8 percent in March, according to the Central Bureau of Statistics (CBS).

7 April 2005

AMSTERDAM — Inflation rose slightly to 1.8 percent in March, according to the Central Bureau of Statistics (CBS).

This is 0.2 percent more than in February, when prices were 1.6 percent higher than 12 months ago, the CBS said. Fresh vegetables, in particular, cost more in March.

The CBS said consumer prices were 0.9 percent higher on average in March compared with the previous month.

"The largest increase was for clothes and shoes, but this is normal for this time of year as the new summer collections are introduced," it said.

In addition, substantial price rises were measured for motor fuels and for fresh fruit and vegetables. Fresh vegetables last month cost 25 percent more than in March last year.

Inflation was tempered by the increase in prices of tobacco products introduced in March 2004, which now no longer has an effect on inflation.

Meanwhile, according to the European harmonised index (HICP), Dutch inflation was 1.5 percent in March 2005. This is the same rate as in February.

Inflation according to the HICP was on average 2.1 percent in the eurozone in February 2005.

"At 1.5 percent, the Netherlands had the second lowest rate
of inflation in the eurozone for the 11th month in succession. Only in Finland was inflation lower," the CBS report said.

Outside the eurozone, Denmark, Sweden and the Czech Republic also had lower inflation rates than the Netherlands.

The statistical office of the EU, Eurostat, expects inflation in the eurozone to remain unchanged at 2.1 percent in March.

[Copyright Expatica News 2005]

Subject: Dutch news

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