Netherlands’ consumer price index (CPI) rose 9.6 per cent year-on-year (YoY) in December 2022. In November, the inflation rate stood at 9.9 per cent. The price development of energy had a downward effect on inflation, as per Statistics Netherlands (CBS). Clothing had an upward effect on inflation.Clothing prices increased by 12.3 per cent YoY in December 2022 in the Netherlands. On average, consumer prices were 10.0 per cent higher in 2022 than in the previous year, according to a report by the CBS.
Netherlands' CPI was 9.6 per cent year-on-year (YoY) higher in December 2022. In November, the inflation rate stood at 9.9 per cent. The price development of energy had a downward effect on inflation, as per the CBS. Clothing had an upward effect on inflation. On average, consumer prices were 10.0 per cent higher in 2022 than in the previous year.
In November, the YoY increase was 6.6 per cent. Excluding energy and motor fuels, inflation would have increased from 6.8 per cent in November to 7.5 per cent in December.
Fibre2Fashion News Desk (NB)
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