Inflation in the Netherlands according to European calculation method at 16.8%
The currency depreciation in the Netherlands will continue for a while. Every consumer feels that in his wallet, but also the Central Bureau of Statistics (CBS) now. According to the European harmonized consumer price index (HICP), the yield in October was no less than 16 percent.
Inflation Index
During the previous measurement point in September, this was still 17.1 percent. a little bit compared to last month, but make no mistake.
The half-life of savings is now 4.4 years. Savings start to half of its value in 53 months (with a return of 16.8 percent). You don’t have to do anything for that, except keep it in the bank account.
The HICP is a first estimate based on still incomplete source data, such as messages the CBS. The Dutch consumer price index (CPI) is expected to be published in a week.
The 16.8 percent represents a price increase of products and goods since exactly one year ago (October 2021).
Energy, food and services
In particular, energy prices rose in this period, by almost 100 percent, which is more than in September. Foods beverages are rising percent, up from October 2021, with an increase of 11.5 percent. In September this was less than 10.5 percent.
Services have become 6 percent more expensive and industrial goods excluding energy 7.8 percent.
The world is starting up, which is why central banks are taking action. Also the European Central Bank, responsible for the monetary policy of our euro. Last week, she financed the base rate with 0.75 percent.
The interest rate is currently at 1.5 percent. Not so long ago, this percentage was not negative (!). The main character of the ECB is to reduce the to 2 percent.
Inbetween tells president that she did not see coming, as they are doing their utmost to fight deflation.
=https://twitter.com/WallStreetSilv/status/1586742825693192192″ data service=”twitter”>
Bitcoin’s monetary policy is simple, transparent, and immutable: 21 million coins, gradually brought into a schedule for you to verify for yourself.
Do you want to stay informed about all developments? Then come and visit our Telegram chatand also download our Android News App from iOS News App!