Feel it in your wallet yet? Inflation rises to new record in the Netherlands

Daily life is getting more expensive in the Netherlands. By how much, exactly? Well, you’re paying 13,6% more this month than August last year.

While that number doesn’t sound like a lot, it’s good to keep in mind that it’s the highest the inflation rate has been this year so far.

Back in January, the inflation rate was measured at 6.4%. And, at the end of July 2022, it rose to 11.6%.

READ MORE | Customers aren’t prepared for their bills; Dutch energy companies concerned

Why are we paying more?

We can all point our fingers at the rising energy prices, which have also caused both electricity and gas prices to rise as well.

Russia’s war on Ukraine and its restriction on access to fuel had big consequences on energy costs as many European countries were relying on gas supply from the motherland.

Energy costs affect food prices too

Higher energy prices are also increasingly impacting food and grocery prices. Last month, grocery bills became 11.2% more expensive than those in 2021.

Due to rising expenses tied to food, drink, gas and light, living costs have become unsustainable for many Dutch households, writes NU.nl.

For now, the Dutch cabinet made plans for increasing purchasing power of the Dutch. Though they didn’t really go into detail as to how this was going to happen.

If you live in the Netherlands, how are you dealing with rising costs? Tell us in the comments below! 👇

Feature Image:Pixabay
Lea Shamaa 🇺🇸🇱🇧
Lea Shamaa 🇺🇸🇱🇧
Lea has a passion for writing and sharing new ideas with the world. She enjoys film photography, Wes Anderson movies, fictional books and jazz music. She came to the Netherlands in 2019 for her media studies and has fallen in love with the country and its culture ever since. She loves to ride her bicycle in the city but also feels the need to overtake everyone on the bike lane (she's working on it).

1 COMMENT

  1. I buy less and do with that. It’s called budgeting. I make a meal, eat half and eat the other half the next day warmed in the microwave. Or eat a cold salad. I have bought a duel induction cooking plate for the winter saving gas for showers which I take every other morning. There is a lot you can do with almost nothing. Just realise if things weren’t available, what would you do?

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