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Netherlands' CPI-measured inflation rate jumps to 6.1% in May '23: CBS
02 Jun '23
1 min read
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- Netherlands' consumer price index (CPI) reported a 6.1 per cent inflation rate in May 2023, marking a significant rise from April's 5.2 per cent, according to Statistics Netherlands (CBS).
- The harmonised index of consumer prices (HICP) showed a similar surge, with inflation reaching 6.8 per cent in May 2023, up from 5.8 per cent in April 2023.
Netherlands’ consumer price index (CPI) measured inflation rate stood at 6.1 per cent in May 2023, according to a recent flash estimate from Statistics Netherlands (CBS). This is a marked increase from 5.2 per cent in April.
An inflation rate of 6.1 per cent in May 2023 means that prices of consumer products were on average 6.1 per cent higher than in May 2022. The 6.1-per cent inflation is therefore not on top of the 5.2-per cent inflation of April, as per CBS.
According to the harmonised index of consumer prices (HICP) flash estimate, inflation stood at 6.8 per cent in May 2023, an increase from the 5.8 per cent inflation recorded in April 2023.
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