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Groceries slightly cheaper, but inflation in the Netherlands rising again

Inflation in the Netherlands rose to 3.7 percent in October, surpassing the 3.4 percent rate recorded in September. While grocery prices showed a slight decrease, overall costs increased due to rising prices for energy and motor fuels.

According to the latest flash estimate from the Central Bureau of Statistics (CBS), inflation in the Netherlands rose to 3.7 percent in October, up from 3.4 percent in September. This figure represents the increase in consumer prices compared to the same month one year ago, with a month-on-month rise of 0.7 percent recorded between September and October. The trend reflects ongoing economic shifts affecting the cost of living for residents across the country.

While grocery prices saw a slight decrease compared to last year, these savings were offset by rising costs in other sectors. Specifically, energy and motor fuels became more expensive, contributing significantly to the overall inflationary pressure. Additionally, expenditures made while traveling abroad and fuel costs were identified as the primary drivers of price increases over the twelve-month period.

Economy Business Netherlands

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

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