Inflation is rising due to high energy and fuel prices | Economy

Inflation is rising due to high energy and fuel prices | Economy
Inflation is rising due to high energy and fuel prices | Economy
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Inflation in the Netherlands rose to 3.1 percent in March. The Central Bureau of Statistics (CBS) reports this in a quick estimate. This meant that inflation was higher than in February. Then daily life became 2.8 percent more expensive compared to a year earlier. In January inflation was still 3.2 percent.

The rising inflation is mainly related to energy prices and the prices of motor fuels at the pump. Recently, petrol and diesel have become more expensive for motorists due to rising oil prices. Crude oil prices are now at about the highest level in about five months.

Dutch inflation based on the European harmonized calculation method also amounted to 3.1 percent, compared to 2.7 percent in February. This calculation method is slightly different from that of Statistics Netherlands. The method agreed within the European Union to measure inflation does not take into account the costs of living in your own home.

The European statistical agency Eurostat will also present a preliminary estimate of inflation in the euro zone in the past month later in the morning. Inflation in the euro area was 2.6 percent in February.



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The article is in Dutch

Tags: Inflation rising due high energy fuel prices Economy

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