Inflation rose sharply again in September. The price of goods and services was 14.5 percent higher last month than a year earlier. This is evident from Thursday’s publication Numbers of the Central Bureau of Statistics. It is the highest inflation ever measured by CBS, which has been tracking the figure since 1963. In August inflation was still 12.0 percent.
The price development of energy (electricity, gas and district heating) is the biggest driver of the inflation record. Energy was 200 percent more expensive in September than a year earlier. In August it was still 151 percent. In order to properly measure the effect of energy, Statistics Netherlands also calculates the monthly inflation figure without the effect of energy. That amounts to 6.5 percent in September, compared to 6.0 percent in August.
Statistics Netherlands measures inflation every month on the basis of the price development of a package consisting of the goods and services that an average Dutch household purchases each year. The price increase of those goods, also called the consumer price index (CPI), is calculated every month compared to the same month in the previous year.
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