Flash estimate: inflation 1.6% in November, excluding energy at 4.1% - Statistics Netherlands news release - European Statistical System (ESS)
According to the flash estimate of inflation by Statistics Netherlands (CBS), the inflation rate stands at 1.6 percent in November. The estimate was conducted on the basis of still incomplete source data. In October, it was -0.4 percent. Inflation is measured monthly as the change in the consumer price index (CPI) relative to the same month of the previous year.
The higher inflation rate does not mean that prices increased in November 2023 relative to October 2023. The CPI also presents the price development compared to the previous month; according to the flash estimate, consumer prices were 1.1 percent lower in November than they were in October.
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 4.1 percent according to the flash estimate. This was 5.1 percent in October. In the first half of 2023, inflation excluding energy and motor fuels was above the current level, peaking at 8.1 percent in February and March.
The regular consumer price index (CPI) figures will be published on 12 December.
For further information:
Read more - Flash estimate inflation, November 2023
Expert in this field: Peter Hein van Mulligen