Food inflation hit 12% last year, energy prices fell 37%
The price of food rose 12.1% last year, adding to the 11% rise recorded in 2022, national statistics agency CBS said on Thursday.
The price of sugar rose the most – 35% – while olive oil was 21% more expensive and bread 15%, the CBS said.
The annual inflation rate was 3.8% last year, compared with 10% in 2022. This was largely due to the 37% drop in energy prices and a change in the way their impact is measured.
Excluding the impact of fuel, the rate was 6.5%, the CBS said in an update on its 2023 inflation figures.
In particular, the price of going out for dinner or for a drink in a bar rose by an average of 8.8% last year and this also contributed to the increase in the annual rate of inflation, the CBS said.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation