Dutch inflation rate rises to 2%

For the first time in nearly two years, inflation rose to 2 percent in The Netherlands, according to figures issued by CBS.

Since March 2009, the inflation rate averaged below 2 percent. Last year, inflation averaged 1.3 percent, but in December it increased again to 1.9 percent.

The pick-up in inflation has been driven by electricity which was more expensive in January. Last year January the lower price of energy led to a lower inflation. That effect is worked out.

Also telephone and Internet services led to higher inflation. These services became 6.3 percent more expensive in one year time.

The rise in inflation is still limited, because fresh vegetables and clothes became cheaper. On average, food prices are now 0.8 percent cheaper than one year ago.

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