Inflation rate rises to 3.2% in June

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Contents

The rising effect of tobacco and clothing Eurozone inflation rate 2.5%Differences between CPI and HICP

inflation
2019	January	2.2
2019	February	2.6
2019	March	2.8
2019	April	2.9
2019	possible	2.4
2019	June	2.7
2019	July	2.5
2019	August	2.8
2019	September	2.6
2019	October	2.7
2019	November	2.6
2019	December	2.7
2020	January	1.8
2020	February	1.6
2020	March	1.4
2020	April	1.2
2020	possible	1.2
2020	June	1.6
2020	July	1.7
2020	August	0.7
2020	September	1.1
2020	October	1.2
2020	November	0.8
2020	December	1
2021	January	1.6
2021	February	1.8
2021	March	1.9
2021	April	1.9
2021	possible	2.1
2021	June	2
2021	July	1.4
2021	August	2.4
2021	September	2.7
2021	October	3.4
2021	November	5.2
2021	December	5.7
2022	January	6.4
2022	February	6.2
2022	March	9.7
2022	April	9.6
2022	possible	8.8
2022	June	8.6
2022	July	10.3
2022	August	12
2022	September	14.5
2022	October	14.3
2022	November	9.9
2022	December	9.6
2023	January	7.6
2023	February	8
2023	March	4.4
2023	April	5.2
2023	possible	6.1
2023	June	5.7
2023	July	4.6
2023	August	3
2023	September	0.2
2023	October	-0.4
2023	November	1.6
2023	December	1.2
2024	January	3.2
2024	February	2.8
2024	March	3.1
2024	April	2.7
2024	possible	2.7
2024	June	3.2

The rising effect of tobacco and clothing

Tobacco prices have an upward effect on inflation. In June, tobacco prices rose by 30.9 minutes laterIt is more expensive than the same period last year, and the price rose by 2Version 2.0Recently, on April 1, 2024, the excise duty on tobacco was increased, leading to an increase in prices. The impact of the excise duty increase on sales prices is delayed as retailers still sell tobacco stocks at the old excise duty rate in the first few months after the excise duty increase. Clothing prices also have an upward impact on inflation. Clothing 1.3 PercentPrices in June were flat compared to the same period last year, but rose in May. 3.9 Percentcheaper.

Tobacco Price Index
simple	161.58	136.27
February	161.84	136.27
March	163.47	136.27
April	163.83	136.33
possible	168.17	137.82
June	203.70	155.59
July		157.26
August		160.98
September		161.04
October		161.41
November		161.52
December		161.52

Tobacco Price Index
simple	161.58	136.27
February	161.84	136.27
March	163.47	136.27
April	163.83	136.33
possible	168.17	137.82
June	203.70	155.59
July		157.26
August		160.98
September		161.04
October		161.41
November		161.52
December		161.52

Consumer Price Index: Main Contributors to Year-on-Year Change
All Projects	3.2	2.7

groceries and services (i.e., personal Care and Insurance)	0.68	0.70
Restaurants and Hotels	0.56	0.44
Alcoholic beverages and tobacco	0.54	0.34
Housing, water and vitality	0.43	0.38
transportation	0.42	0.51
Entertainment and Culture	0.21	0.27
healthy	0.15	0.12
Consumption related tax	0.15	0.15
Overseas consumption	0.15	0.13
Food and non-alcoholic beverages drinks	0.11	0.11
Clothing and Footwear	0.10	-0.12
Furniture and Home Furnishings equipment	-0.28	-0.34

Consumer Price Index: Main Contributors to Year-on-Year Change
All Projects	3.2	2.7

groceries and services (i.e., personal Care and Insurance)	0.68	0.70
Restaurants and Hotels	0.56	0.44
Alcoholic beverages and tobacco	0.54	0.34
Housing, water and vitality	0.43	0.38
transportation	0.42	0.51
Entertainment and Culture	0.21	0.27
healthy	0.15	0.12
Consumption related tax	0.15	0.15
Overseas consumption	0.15	0.13
Food and non-alcoholic beverages drinks	0.11	0.11
Clothing and Footwear	0.10	-0.12
Furniture and Home Furnishings equipment	-0.28	-0.34

Eurozone inflation rate 2.5%

Since 1996, CBS has published two different inflation rates: one based on the Consumer Price Index (CPI) and the other based on the European Harmonized Index of Consumer Prices (HICP). According to the HICP, the prices of consumer goods and services in the Netherlands are 3.4 PercentInflation was higher in June. Inflation was higher in May. 2.7 PercentAccording to HICP, the overall inflation rate in the euro area is 2.5 minutes laterIn June, 2.6 PercentAdmitted to hospital in May.

Harmonised European Inflation Rate (HICP)
2019	January	2	1.4
2019	February	2.6	1.5
2019	March	2.9	1.4
2019	April	3	1.7
2019	possible	2.3	1.2
2019	June	2.7	1.3
2019	July	2.6	1
2019	August	3.1	1
2019	September	2.7	0.8
2019	October	2.8	0.7
2019	November	2.6	1
2019	December	2.8	1.3
2020	January	1.7	1.4
2020	February	1.3	1.2
2020	March	1.1	0.7
2020	April	1	0.3
2020	possible	1.1	0.1
2020	June	1.7	0.3
2020	July	1.6	0.4
2020	August	0.3	-0.2
2020	September	1	-0.3
2020	October	1.2	-0.3
2020	November	0.7	-0.3
2020	December	0.9	-0.3
2021	January	1.6	0.9
2021	February	1.9	0.9
2021	March	1.9	1.3
2021	April	1.7	1.6
2021	possible	2	2
2021	June	1.7	1.9
2021	July	1.4	2.2
2021	August	2.7	3
2021	September	3	3.4
2021	October	3.7	4.1
2021	November	5.9	4.9
2021	December	6.4	5
2022	January	7.6	5.1
2022	February	7.3	5.9
2022	March	11.7	7.4
2022	April	11.2	7.4
2022	possible	10.2	8.1
2022	June	9.9	8.6
2022	July	11.6	8.9
2022	August	13.7	9.1
2022	September	17.1	9.9
2022	October	16.8	10.6
2022	November	11.3	10.1
2022	December	11	9.2
2023	January	8.4	8.6
2023	February	8.9	8.5
2023	March	4.5	6.9
2023	April	5.8	7
2023	possible	6.8	6.1
2023	June	6.4	5.5
2023	July	5.3	5.3
2023	August	3.4	5.2
2023	September	-0.3	4.3
2023	October	-1	2.9
2023	November	1.4	2.4
2023	December	1	2.9
2024	January	3.1	2.8
2024	February	2.7	2.6
2024	March	3.1	2.4
2024	April	2.6	2.4
2024	possible	2.7	2.6
2024	June	3.4	2.5

Harmonised European Inflation Rate (HICP)
2019	January	2	1.4
2019	February	2.6	1.5
2019	March	2.9	1.4
2019	April	3	1.7
2019	possible	2.3	1.2
2019	June	2.7	1.3
2019	July	2.6	1
2019	August	3.1	1
2019	September	2.7	0.8
2019	October	2.8	0.7
2019	November	2.6	1
2019	December	2.8	1.3
2020	January	1.7	1.4
2020	February	1.3	1.2
2020	March	1.1	0.7
2020	April	1	0.3
2020	possible	1.1	0.1
2020	June	1.7	0.3
2020	July	1.6	0.4
2020	August	0.3	-0.2
2020	September	1	-0.3
2020	October	1.2	-0.3
2020	November	0.7	-0.3
2020	December	0.9	-0.3
2021	January	1.6	0.9
2021	February	1.9	0.9
2021	March	1.9	1.3
2021	April	1.7	1.6
2021	possible	2	2
2021	June	1.7	1.9
2021	July	1.4	2.2
2021	August	2.7	3
2021	September	3	3.4
2021	October	3.7	4.1
2021	November	5.9	4.9
2021	December	6.4	5
2022	January	7.6	5.1
2022	February	7.3	5.9
2022	March	11.7	7.4
2022	April	11.2	7.4
2022	possible	10.2	8.1
2022	June	9.9	8.6
2022	July	11.6	8.9
2022	August	13.7	9.1
2022	September	17.1	9.9
2022	October	16.8	10.6
2022	November	11.3	10.1
2022	December	11	9.2
2023	January	8.4	8.6
2023	February	8.9	8.5
2023	March	4.5	6.9
2023	April	5.8	7
2023	possible	6.8	6.1
2023	June	6.4	5.5
2023	July	5.3	5.3
2023	August	3.4	5.2
2023	September	-0.3	4.3
2023	October	-1	2.9
2023	November	1.4	2.4
2023	December	1	2.9
2024	January	3.1	2.8
2024	February	2.7	2.6
2024	March	3.1	2.4
2024	April	2.6	2.4
2024	possible	2.7	2.6
2024	June	3.4	2.5

Differences between CPI and HICP

To facilitate comparisons between countries, EU member states calculate the Consumer Price Index according to internationally accepted definitions and methods. The European Central Bank (ECB) uses the HICP to formulate monetary policy in the euro area. In addition, most countries have a national Consumer Price Index.

For the Netherlands, the main difference between the CPI and the HICP is that the HICP does not take into account the costs associated with home ownership, while the CPI does. In the Dutch CPI, these costs are calculated based on changes in the price of rental properties. These differences are explained in more detail in the article Differences between consumer price figures.

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