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Dutch inflation hits record in Sept as energy prices soar

Published 10/06/2022, 12:54 AM
Updated 10/06/2022, 02:10 AM
© Reuters. FILE PHOTO: Dispatch workers pick orders at the new headquarters of Snag Tights that relocated to Venlo, Netherlands as Britain's access to European markets remains uncertain in the new year, December 14, 2020. Picture taken December 14, 2020. REUTERS/Pir

(Reuters) - Inflation in the Netherlands shot to a record high in September mainly due to higher energy prices, the Dutch statistics agency, CBS, said on Thursday.

The consumer price index (CPI) rose to 14.5% in September year-on-year, from 12% percent in August.

Energy was 200% more expensive in September than in the same month last year, the CBS said, adding that in August the increase was 151%.

The agency noted that the inflation rate excluding energy and motor fuels picked up from 6% in August to 6.5% in September.

The prices of education also contributed to higher inflation as a government discount on tuition and course fees introduced during the COVID-19 crisis will no longer be available in the current academic year, the CBS said.

© Reuters. FILE PHOTO: Dispatch workers pick orders at the new headquarters of Snag Tights that relocated to Venlo, Netherlands as Britain's access to European markets remains uncertain in the new year, December 14, 2020. Picture taken December 14, 2020. REUTERS/Piroschka van de Wouw

Clothing prices were 8% higher in September than one year earlier, compared to a 3.3% rise in August, the agency added.

The consumer price index, harmonised to be comparable with inflation data from other European Union countries (HICP), rose to 17.1% in September after an August jump to 13.7%, CBS said last week.

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