Connect to share and comment

Dutch inflation stable at 3.0 percent for February: data

PlacardEnlarge
(Globalpost/GlobalPost)

Dutch inflation was stable in February at 3.0 percent on a monthly comparison, the national statistics service said Thursday, but rose on an annualised basis from 2.5 percent in February 2012.

Inflation was pushed up by an 18.5 percent rise in airline tickets, the Central Statistics Bureau (CBS) said in a statement, a development that was tempered by lower food prices.

Calculated according to a harmonised index that allows for comparison across the 17-nation eurozone, inflation in the Netherlands was 3.2 percent in February, the same level as in January but sharply higher than the eurozone average of 1.8 percent.

CBS put the difference down to an increase of the country's value-added tax from 19 to 21 percent in October.

jhe/wai

http://www.globalpost.com/dispatch/news/afp/130307/dutch-inflation-stable-at-30-percent-february-data