Inflation falls again but food inflation was 3.4% in December
Inflation hit 1.2% in December because of falling energy prices but would be 3.4% if the impact of fuel was removed from the calculations, national statistics office CBS said on Friday.
Inflation was 1.6% in November, but 4.2% when excluding the impact of fuel and energy. Inflation excluding energy reached a peak of 8% in March and has been going down since then.
December’s estimate takes the food and services inflation figure to 3.8% over the year.
On Thursday the CBS said wages had risen by an average of 6.1% in 2023, the biggest increase in 40 years, but that was not enough to offset the impact of inflation which depressed actual spending power by 2.1%.
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