It is the first time since measurement of the HICP started in 1997 that the Netherlands has the steepest price rise in the eurozone. Around the European Union, CPI-based inflation was only higher in Hungary and Romania. The average CPI-based inflation rate across the EU stood at 1.6 percent.
Top 5 largest price movements
Just as in 2018, the increase in energy prices was one of the sharpest price rises of last year. Electricity went up by an average 15.7 percent, while the price of natural gas rose by 10.6 percent on average. Both increased levies and supply tariffs for electricity and natural gas were substantially higher in 2018.
Not all consumer products went up in price. Home care services showed the sharpest price drop, followed by Dutch communication prices: mobile telephony, mobile phones and sound and video equipment.