Inflation in the Netherlands based on the Dutch standard was dropped in January to 0.0%, the lowest level in 27 years. In December, the price increase was 0.7%. The European harmonized index (HICP), where the cost of owning their own home are excluded, came in January 0.7% lower than a year earlier. The sharp fall in inflation is mainly caused by the decrease in prices of automotive fuel and clothing. This made CBS announced Thursday.
Fuel prices considerably lower
De inflation fell in January this year, mainly due to the prices of motor fuels. The price of oil fell to less than $ 50 per barrel and the price of gasoline fell to an average of € 1.47 per liter. Gasoline was almost 13% cheaper than in the same month a year earlier. Also, gas was cheaper in January and pushed inflation. The price of gas is 2.8% lower than last year.
Higher discount stores
The prices of clothes and food, according to the CBS also had a downward effect on inflation. Due to the mild weather, there was less demand for winter clothing. That made clothing Sale was marked down more than in previous years. Foods in supermarkets were sold with higher discount.
Underlying inflation
As the development of prices of food and energy has a very erratic, is also looking at inflation excluding these product groups. According to the CPI dropped this measure of underlying inflation in January of 1.4 to 1.0%.
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