Stable inflation rate
The Dutch inflation rate remained at 1.4% in October. Consumer prices were on average 1.6% higher than in September and October of 2009. In the first six months of 2010, the Dutch inflation rate hovered around 0.9%.
Statistics Netherlands
Dutch inflation is fairly stable following an increase in July, according to the latest Statistics Netherlands figures. The price of motor fuel, petrol, cigarettes and tobacco rose above the 1.6% average.
Food prices increased by slightly less than the inflation rate. The price of plane tickets, televisions, audio and video equipment and electricity were lower than in October 2009.
Below European average
According to the European Harmonized Index of Consumer Prices (HICP), the Dutch inflation rate stayed at 1.4%. The inflation rate in the month of October increased slightly in the Eurozone to 1.9%. October is the eleventh month in a row that the Dutch inflation rate is below the Eurozone.
International business hub
A stable, low inflation rate positions the Netherlands as a reliable international business hub. Businesses do not have to use expensive hedging strategies to defend themselves against the decreasing value of their money.
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