Consumer goods and services were 8.0% more expensive in February than in the same month a year earlier, reports Statistics Netherlands. In January, inflation was 7.6%. Food in particular had become more expensive, says chief economist Peter Hein van Mulligen.
‘Unfortunately, it is mainly fresh vegetables that have become more expensive, especially the cultivation of vegetables in greenhouses has become more expensive due to the increase in the price of energy. Clothing is also a prime suspect. But this is true across the board. In the background, the cause is the sharp rise in energy prices,” says Van Mulligen.
“Unfortunately, it is mainly fresh vegetables that have become more expensive”
The trend in clothing and food prices has led to an increase in inflation. Clothing was 11.8% more expensive in February than last year. In January, the annual price increase was 9.4%. Food was 18.4% more expensive in February than twelve months earlier, 17.6% in January. This is mainly due to the price trend of fresh vegetables. Furthermore, price developments for visits to restaurants and cafes (including takeaway meals) and energy also had an upward effect on inflation.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
