Annual inflation falls to 10.2 percent in the Netherlands

Inflation in the Netherlands fell in May compared to a month earlier, Statistics Netherlands (CBS) reported. Annual inflation was 10.2 percent, compared to 11.2 percent in April. Inflation remains high, driven by increased energy prices and higher food prices.

CBS reported the figures using the European harmonized method, created to properly compare the inflation data of different European countries. The European stats office Eurostat will release figures on inflation in the eurozone later on Tuesday.

CBS will publish the monthly inflation figure according to its own calculation method later this month. The Dutch stats office also tracks housing costs, such as rents. The European method does not include this. In April, inflation was 9.6 percent, according to the CBS method.