The latest figures released by the Central Bureau of Statistics on Tuesday reveal that Dutch inflation experienced a slight uptick in December, reaching the highest rate observed in nearly a year and a half. Consumer prices rose by 4.1 percent annually in December, following a 4.0 percent increase in November, consistent with the preliminary figures released on January 7.
This marks the steepest inflation rate since July 2023, when prices climbed by 4.6 percent. A significant contributor to this increase was the cost of staying in bungalow parks, which soared by 26.1 percent in December compared to the previous year.
Inflation, gauged through the Harmonized Index of Consumer Prices (HICP), also saw a modest rise to 3.9 percent from November’s 3.8 percent, as anticipated.
Within specific categories, the year-on-year price growth for food, beverages, and tobacco accelerated to 3.0 percent in December, up from 2.5 percent the month prior. Transport costs also saw a more rapid rise, increasing by 2.2 percent compared to 1.5 percent in November. Conversely, prices for clothing and footwear saw a slight decline of 0.2 percent.
For the year 2024, the average annual inflation rate was recorded at 3.3 percent, slightly lower than the 3.8 percent observed in 2023. The most significant contributions to inflation in 2024 were attributed to developments in the housing and tobacco sectors.
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