Flash estimate: inflation 1.2% in December, excluding energy at 3.4% - Statistics Netherlands news release - European Statistical System (ESS)
Statistics Netherlands (CBS) reports that the CPI inflation rate was 1.2 percent in December according to the flash estimate. The estimate was conducted on the basis of still incomplete source data. This was 1.6 percent in November. Inflation is measured monthly as the change in the consumer price index (CPI) relative to one year previously.
The CPI also presents the price development compared to the previous month; according to the flash estimate, consumer prices in December 2023 were on average at almost the same level as in November 2023.
The price development of energy (gas, electricity and district heating) has long had a major impact on the course of inflation. The inflation rate excluding energy was 3.4 percent according to the flash estimate. In November, this was 4.2 percent. Inflation excluding energy and motor fuels peaked at 8.1 percent in February and March and been trending lower since then.
The December figure can also be used to estimate 2023 inflation. According to the flash estimate, consumer goods and services were 3.8 percent more expensive than one year previously.
The regular consumer price index (CPI) figures of December and over 2023 will be published on 11 January.
For further information:
Read more - Flash estimate inflation, December 2023