Thursday, November 5, 2015 - 12:38
Higher gas prices, airline tickets boost inflation
Inflation in the Netherlands showed a very slight increase last month. Statistics Netherlands' Consumer Price Index marked inflation at 0.7 percent in October, compared to the 0.6 percent in September. According to Statistics Netherlands, the increase in inflation can mainly be attributed to development in petrol prices. Although the petrol price in October was still 11.8 percent lower than the same month last year, it was higher than in September. Last month petrol cost an average of 1.48 euros per liter. The price development on airline tickets also played a role in the increased inflation. Last month airline tickets were 9.7 percent higher than the same month last year. In September tickets cost about the same as a year earlier. Statistics Netherlands also calculated inflation excluding the products energy, food, alcohol and tobacco, because of the prices of food and energy have strong fluctuations and the prices on alcohol and tobacco are often increased by taxes. Without these products inflation in October stood at 1.4 percent, compared to 1.3 percent in September. Lastly Statistics Netherlands looked at Dutch inflation on an European level. On the European Harmonized Price Index, Dutch inflation increased from 0.3 percent in September to 0.4 percent in October - well above the eurozone inflation, which rose to 0.0 percent in October.