Skip to main content
Netherlands News in English

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Supermarket
Supermarket - Credit: gyn9037 / DepositPhotos - License: DepositPhotos
Business
Sebastiaan Schreijen
Rabobank
Central Bureau for Statistics CBS
Dutch inflation
sugar tax
excise duties
tobacco
Thursday, 3 October 2024 - 07:00

Share this article:

Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window

Expert says that rising grocery prices are mainly due to government measures

The rising prices of groceries and tobacco are more a result of government measures than manufacturers and supermarkets raising the prices themselves. Increased tobacco excise duties and the 'sugar tax,' among other things, mean that food prices are still subject to significant inflation, sector specialist Sebastiaan Schreijen of Rabobank explained.

Statistics Netherlands (CBS) reported on Tuesday that inflation in the Netherlands has decreased slightly, but the prices of food, drinks, and tobacco increased more significantly in September. According to Schreijen, the figures give a somewhat distorted picture. "These figures include several things that manufacturers and supermarkets can do something about."

For example, on April 1, the excise duty on tobacco increased, making a packet of cigarettes more expensive. The special consumption tax on non-alcoholic beverages, popularly known as the sugar tax, has also increased significantly this year.

Excise duties on beer, wine, and other alcoholic drinks also increased. Schreijen explained that it would take around a year before the effects of the government measures are no longer visible in the inflation numbers. This is because CBS calculates the inflation numbers on a yearly basis.

"When you filter that out, the underlying price increases in supermarkets are not so bad," Schreijen said. Generally, the prices in supermarkets in September hardly changed compared to a month earlier, according to him. "The price of sugar went up by around one percent, coffee beans went up by around half a percent, and the prices of fresh vegetables and potatoes went down by around one percent," he said. "Especially if you are a heavy smoker and soda drinker, you will pay more."

People who buy discounted products a lot at supermarkets also spent less money in September. Supermarkets offer fewer discounted products in the summer, but they offered many discounts and sales last month. As a result, prices on a monthly basis were actually slightly lower than in August.

Reporting by ANP

More like this

Image
Empty wallet
Dutch government prepares new household aid amid elevated inflation, fuel costs
Image
Rabobank
Rabobank predicts steady Dutch economic growth despite rising unemployment
Image
Clothing rack with different color blouses
Clothing, gas prices pushed inflation in October
Image
Smoking a cigarette
Dutch Finance Ministry: higher tobacco taxes yield no extra revenue
Make NL Times your top Google source

Follow us:

Latest stories

  • Persistent drought and higher demand: Netherlands heading for water shortages
  • Violence at Amersfoort Pride shows need for LGBTQIA+ safe spaces, advocates say
  • New public transport strikes looming as contract talks stall
  • Dutch foundation launches class action lawsuit against buy-now-pay-later service Klarna
  • Explosion at apartment complex in Woerden; Dozens of homes evacuated

Top stories

  • New public transport strikes looming as contract talks stall
  • Explosion at apartment complex in Woerden; Dozens of homes evacuated
  • Dutch SMEs investing less due to high costs and inconsistent gov't policy: study
  • Man severely beaten after Amersfoort Pride; Police probe anti-LGBTQ+ motive
  • Video: Fights break out outside Ter Apel center on first night after aid groups pull out

© 2012-2026, NL Times, All rights reserved.

Footer menu

  • Change Privacy Settings
  • Privacy Policy
  • Contact
  • Partner Content