Inflation fell in almost all euro countries in May compared to the previous month. The exception to the rule, however, is the Netherlands, which recorded an inflation rate of 6.8 percent in May, up from 5.8 percent in April.
It is striking, as the average inflation rate fell from 7% to 6.1% in May, according to European data agency Eurostat. Falling energy prices, in particular, have pushed inflation down. However, this is offset by an increase in the price of food, drink and stimulants. However, the prices of these products have not increased as rapidly as in other months.
The European inflation figures being pasted on the Dutch economy are higher than the Central Statistics Office’s calculation. According to the Dutch data agency, inflation rose to 6.1%, up from an inflation rate of 5.2 in April. The difference is explained by a different calculation. Eurostat does not include, inter alia, house rental prices.
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.
