The Central Planning Bureau (CPB) expects average purchasing power to fall by 2.7 percent in 2022. This is largely due to rising energy prices, partly as a result of the war in Ukraine. The CPB reports this on Wednesday in the Central Economic Plan† According to the planning office, the Dutch economy as a whole will grow by 3.6 percent in 2022.
The CPB has calculated different scenarios for the effects on purchasing power, depending on how energy prices will develop. The basic estimate assumes a decrease in purchasing power of 2.7 percent. The worst-case scenario assumes an average decrease in purchasing power of 3.4 percent, in the best-case scenario, purchasing power drops by 0.6 percent. The CPB points out that the extent to which rising energy prices are felt can differ per household.
The base estimate for inflation is estimated at 5.2 percent, with peaks at 6 percent. At best, inflation is estimated at 3 percent, assuming energy prices return to summer 2019 levels. Inflation is partly due to the economic aftermath of the corona pandemic and ever-increasing energy prices.
“We assume that everyone will feel the higher energy bill in their wallet sooner or later”, CPB director Pieter Hasekamp says in an explanation that he is “really concerned” “about people with lower incomes, especially if they live in a bad situation.” living in an isolated house”.
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