Netherlands inflation rising again; 11.6 percent in July

Inflation in the Netherlands rose again in July compared to a month earlier, Statistics Netherlands (CBS) reported. Annual inflation was 11.6 percent in July, compared to 9.9 percent in June.

After the 11.7 percent increase in consumer prices in March, inflation gradually declined in April, May, and June.

According to the stats office, the higher inflation in July was driven by higher energy and food prices. Prices for industrial goods and services also increased.

CBS calculated these figures using the European harmonized method, created to enable easy comparison of inflation in euro countries. The stats office will publish inflation figures based on its own method, which includes the cost of living in one’s own house, next week.