Inflation in the Netherlands will reach its highest point in 47 years in 2022
Last year, the price development of energy, such as electricity, gas and district heating, contributed in particular to the high rate. Energy was on average 114 percent more expensive in 2022 than in 2021. Inflation in 2021 was 2.7 percent.
Food and motor fuels also had an impact on inflation. Food was 10.8 percent more expensive than twelve months previously. In 2021, food prices were still 0.2 percent lower. The increase in food prices was mainly caused by meat, dairy products, bread and grains and vegetables.
In 2022, motor fuels were 18.1 percent more expensive than the year before, while in 2021 the increase was 16.8 percent, Xinhua news agency reported.
Inflation is expected to fall in the coming years. The Dutch central bank DNB expects inflation to fall to 4.9 percent in 2023.
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