The daily life in May became on average 3.3 percent more expensive than in the same month a year ago. According to statistics agency CBS, inflation is cooling down slightly, but is still well above the average in the Eurozone.
In April, inflation was 4.1 percent. Last month, prices fell by an average of 0.5 percent, which is why inflation was lower. The CBS bases its figures provisionally on incomplete data and publishes the final inflation figures on June 12.
Food, drinks and tobacco rose by more than 7 percent in May, as in April. Services became almost 4 percent more expensive. Energy prices fell by 1 percent, less sharply than in previous months. Fuels are also included in this.
Based on the European calculation method, inflation last month was 3 percent, also lower than in April. The EU uses a different calculation method than the CBS, in which the costs of living in one’s own home are not included.
Dutch inflation remains relatively high compared to other European countries. In April, prices in the Eurozone rose by an average of more than 2 percent. In the graph below you can see how Dutch inflation has developed per month.