Consumer prices confirm Dutch inflation rate at 2.9% in June; Fuel price growth slows

Consumer prices in the Netherlands rose by an average of 2.9 percent in June compared with June 2025, according to final figures from Statistics Netherlands (CBS). The figure was unchanged from the agency’s initial estimate and marks a notable decline from the 3.5 percent inflation rate recorded in May.

The high rate in May was already driven by a surge in hotel prices and travel-related costs due to the series of Harry Styles concerts in Amsterdam, according to the Dutch central bank. But the reduction in the rate was also driven by the lower growth in fuel prices, the CBS confirmed.

Motor fuels were 17.3 percent more expensive in June than they were a year earlier, compared with a 27.5 percent increase in May. The agency also noted that price trends for holiday accommodations and hotels contributed to the decline in inflation.

The Middle East conflict, which began in late February, caused oil and gas prices to surge during its initial months. This contributed to inflation rising to 3.5 percent in May, with higher fuel costs also driving up airline ticket prices. Before the conflict started, inflation had been at 2.4 percent in February.

Oil and gas prices have since fallen after the United States and Iran reached a preliminary peace agreement and the Strait of Hormuz, a crucial route for Middle Eastern oil shipments, was reopened.

According to the European inflation measurement method, prices in the Netherlands rose by 2.5 percent last month, down from 3.4 percent in May. The EU-wide calculation excludes the cost of living in an owner-occupied home, while the Dutch method includes those housing costs.

Dutch inflation is now below the average rate across the eurozone. Inflation in the euro area declined to 2.8 percent in June, compared with 3.2 percent in May, while it stood at 1.9 percent in February before the Iran war began. CBS attributed the lower Dutch rate to more modest price increases for energy, industrial products, and food, beverages, and tobacco compared with the wider eurozone.