Inflation Netherlands 2004
Average inflation: 1.3% (Derived: 0.8%)
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in May at 1.5%. The lowest inflation was in September at 1.0%.
- Highest month
- May: 1.5%
- Lowest month
- September: 1.0%
- Difference
- 0.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 3.8%. The lowest price increase was in Food and non-alcoholic beverages with an average of -3.4%.
- Highest increase
- Transport: 3.8%
- Lowest increase
- Food and non-alcoholic beverages: -3.4%
Historical Context
Current inflation is 1.5% lower than the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2.4%
- All-time high (2001)
- 4.5%
- All-time low (1987)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2003, inflation has fallen by +0.8 percentage point.
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- March: -1.3 percentage points
ECB Target
Inflation is 0.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Derived CPI | Difference vs. 2003 |
|---|---|---|---|
| January | 1.3% | 1.2% | -1.1 |
| February | 1.2% | 1.0% | -1.2 |
| March | 1.1% | 0.8% | -1.3 |
| April | 1.4% | 0.9% | -0.7 |
| May | 1.5% | 1.2% | -0.5 |
| June | 1.4% | 1.0% | -0.6 |
| July | 1.1% | 0.6% | -1.0 |
| August | 1.1% | 0.6% | -1.0 |
| September | 1.0% | 0.5% | -1.0 |
| October | 1.4% | 0.8% | -0.6 |
| November | 1.3% | 0.8% | -0.7 |
| December | 1.2% | 0.6% | -0.5 |
| Average | 1.3% | 0.8% |
Data source
Data from CBS. Last updated: 08/01/2026.