Consumer prices increase by 2.1% Financial

The price increase fluctuated around 2% for four months, notes the statistics bureau. The consumer price index is an important indicator of inflation, but is not the same. The index shows the price evolution of a set of goods and services, such as daily shopping, clothing, gasoline, rents and insurance premiums. Inflation is wider, for example, industrial products, stocks and commodities also change prices.

The increase in consumer prices in October was higher than in September. This is partly due to the changing prices of clothing. In addition, higher prices for airline tickets also had an upward effect on consumer price developments. In September, there was still a price decline on an annual basis.

In addition to the consumer price index, Statistics Netherlands also calculated the European harmonized consumer price index, without taking into account certain housing costs. According to this method, prices in the Netherlands increased by 1.9%, compared with 1.6% in September. That's less than in the euro area as a whole, where consumer prices rose an average of 2.2% in October