Dutch's Inflation Rate Falls In August

Sep 6, 2007 - Dutch's consumer prices increased 1.1% year-over-year in August, which is 0.4% points lower than the 1.5% growth logged in July, the Central Bureau of Statistics reported Thursday. The CBS report stated that the rate dipped to this level for the first time in 2007.

In August, prices of fresh vegetables were down 3.8% compared to the same month a year ago, leading to a fall in the total consumer prices. In July, vegetables were highly expensive in comparison with July 2006.

The average price level of flowers and plants slid 1.2% year-over-year in August. The CBS report said, in July, prices of flowers and plants were one quarter higher than twelve months ago.

Prices of clothes increased 2.5% in August relative to the same month in 2006, but the price increase was more moderate than in July, which also had a downward effect on inflation.

The harmonized method consumer prices index or HICP also fell to 1.1% in August. In July, Dutch inflation according to the HICP was 1.4%.