Dutch Inflation Rate Eases to 15-Month Low

The annual inflation rate in the Netherlands moderated to 2.8% in August 2025, down from 2.9% in July, according to preliminary estimates. This marks the lowest reading since May 2024, as price growth eased for food, beverages, and tobacco, coming in at 3.7% compared with 4.1% in July, and for services, which rose 3.8%, down from 4.0% in the previous month. On the other hand, inflation showed modest acceleration in industrial goods excluding energy and motor fuels, which increased 1.4% vs 1.3%, as well as in energy including motor fuels, which rose 1.6%, up from 1.0% in July. Meanwhile, the harmonized consumer price index (HICP)—which excludes housing costs and is used for EU-level comparisons—also showed a slight slowdown, easing to 2.4% in August from 2.5% in July.