Categories: Economy

Inflation climbs to 8.0 percent in February Related articles

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.

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. (ANP / Berlinda van Dam)

‘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”

Peter Hein van Mulligen, chief economist at CBS

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.

Author: Mark VanHarreveld
Source: BNR

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