Consumer goods in the Netherlands were 8.0 percent year-on-year (YoY) more expensive in February 2023. In January, the inflation rate stood at 7.6 percent. Clothing was 11.8 percent YoY more expensive in February. In January, the YoY price increase was 9.4 percent.
Excluding energy and motor fuels, inflation would have increased from 7.7 percent in January to 8.1 percent in February, Statistics Netherlands (CBS) said in a press release.
Since 1996, CBS has published two different inflation rates: one based on the Consumer Price Index (CPI) and one based on the Harmonised Index of Consumer Prices (HICP). According to the European HICP, consumer goods and services in the Netherlands were 8.9 percent more expensive in February than in the same month last year, up from 8.4 percent in January. Inflation in the euro area fell from 8.6 percent in January to 8.5 percent in February.