Changes in CPI Energy Calculations and Inflation Rates

CBS Implements New Energy Price Calculation Method

The Central Bureau of Statistics (CBS) announced a change in the method used to calculate energy prices in the Consumer Price Index (CPI).

Lower Energy Prices in 2023

As of June 2023, energy prices in the CPI were significantly lower compared to 2022, contributing to overall inflation reduction.

Inflation Measurement in the Netherlands

Inflation in the Netherlands is determined by comparing the CPI to the same month in the previous year.

CPI Measures Price Changes for Consumers

The CPI measures changes in prices paid by consumers for a basket of goods and services, providing insights into cost of living changes.

Inflation Acceleration in July 2024

In July 2024, the annual inflation rate in the Netherlands rose from 3.2% to 3.7%, primarily due to higher energy costs.

Supporting Sources:

• CBS Switches to New Method for Calculating Energy Prices in the CPI
• Inflation in the Netherlands
• Consumer Price Index (CPI)