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Preliminary inflation estimate for July was 3.7%

Broadcast United News Desk
Preliminary inflation estimate for July was 3.7%

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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
2024 July 3.7

Price changes of various products

In addition to the inflation rate, CBS also publishes price changes for a range of product categories as part of its preliminary estimates. These product categories are broad spending categories, such as “services.” Price changes for all CPI categories will be released on August 6.

CPI; annual rate of change of product category
All Projects 3.7 3.2
Non-energy industrial products -0.7 -0.5
Energy (including motor vehicle fuel) 0.1 3.4
Food, Beverages and Tobacco 5.4 4.4
Serve 5.7 4.6

HICP flash point estimation

The Dutch central bank publishes two different inflation data. One is based on the Consumer Price Index (CPI) and the other is based on the European Harmonized Index of Consumer Prices (HICP). According to the preliminary estimate of the HICP, the inflation rate in the Netherlands was 3.5% in July. In June, the HIPC inflation rate was 3.4%.

To facilitate comparisons between countries, EU member states calculate consumer price indices according to internationally accepted definitions and methods. Eurostat uses HICP data for all EU countries to calculate inflation rates for the euro area and the EU. The European Central Bank (ECB) uses HICP to formulate monetary policy in the euro area. In addition, most countries have national consumer price indices.

The main difference between the CPI and the HICP in the Netherlands is that the HICP does not take into account the costs associated with home ownership, while the CPI does. In the CPI, these costs are calculated based on changes in housing rents. However, this is not the only difference. The differences are explained in more detail in the article linked below (“Differences between consumer price figures”).

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