Dutch inflation hits new record
Friday, 7 October 2022
THE HAGUE, Oct 06 (AFP): Dutch inflation hit a new record of 14.5 per cent in September due to soaring energy prices following Russia's invasion of Ukraine, official figures showed on Thursday.
The Netherlands, the EU's fifth largest economy, now has one of the highest rates of inflation in Europe as it tries to end its reliance on Russian gas.
The 14.5 per cent increase year-on-year in September comes after inflation hit what was then a record 12 per cent in August.
"The rise in inflation was mainly due to the price development of energy," the Netherlands Central Bureau of Statistics (CBS) said in a statement.