After two years of the pandemic, Dutch inflation rates reach 6,4%

The Netherlands is currently a month into its third hard lockdown and slowly the economy catches on. 📈

Already in October, inflation rates reached a historic 20-year record in the Netherlands with prices going up 3,4% in 2021 compared to the year before. This was the highest recorded inflation rate since 2002.

In November 2021, inflation rates went up even further and reached 5,2% — a 40-year high.

And, you guessed it, December was no different. The NOS reports, that life in the Netherlands was 6,4% more expansive than last year.

High energy prices

The main reason for rising inflation rates is thought to be high energy prices, such as gas and electricity. Other possible factors are interrupted supply chains, lockdown measures, and reduction of workers due to the coronavirus.

However, Peter Hein van Mulligen, chief economist of the Centraal Bureau voor de Statistiek (Central Bureau for Statistics), tells the NOS: “We do expect that this [the inflation] will decrease again, especially for the energy prices. Even though, there are many uncertainties, such as the geopolitical situation in Ukraine or omicron.”

This did not affect the Netherlands alone. Inflation rates throughout the eurozone have been on the rise and are now at their highest since 1997 with 5%.

Have you been impacted by these high inflation rates? Tell us in the comments!

Feature Image: AndreyPopov/Depositphotos

Cara Räker 🇩🇪
Cara Räker 🇩🇪
Cara moved to the Netherlands at fifteen and she is here to stay! After all, there is so much to love about it, except maybe the bread (as every German will tell you). Next to finishing up her bachelor's degree in European politics (dry), Cara loves to do yoga, swim, and cook delicious veggie food.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related posts

Latest posts

What is the average salary in the Netherlands? What you need to know in 2024

Understanding the average salary in the Netherlands is important for professionals considering a move to this European country. The Netherlands is known for its high...

Surprise! Rain is forecast for the Netherlands this weekend (AGAIN)

With rain, rain, and yet more rain on the cards for this damp Friday morning, a good umbrella or waterproof poncho will likely be...

Man dies and colleague hospitalised after cleaning NS trains in Utrecht

One man has lost his life, and his colleague remains in hospital after they both became unwell upon finishing their shift cleaning NS trains...

It's happening

Upcoming events

The latest Dutch news.
In your inbox.