Netherlands' inflation increases to 0.4 pct.

Inflation in the Netherlands increased to 0.4 percent in October, the highest level of the past six months, according to Statistics Netherlands on Thursday. In September inflation was still at 0.1 percent.

According to Statistics Netherlands, the increase in inflation can mainly be attributed to higher petrol and diesel prices. In October a liter of gasoline cost 1.52 euros on average, 4 cents more than a year earlier. The price of motor fuels hasn't been this high in over a year, according to the statistics office.

In the eurozone inflation increased to 0.5 percent in October. While the Netherlands is still behind on this front, the difference is smaller than in previous months.