Inflation Netherlands 2024
Average inflation: 3.3% (Derived: 2.4%)
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 4.1%. The lowest inflation was in April at 2.7%.
- Highest month
- December: 4.1%
- Lowest month
- April: 2.7%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Health with an average of 6.1%. The lowest price increase was in Energy with an average of -2.0%.
- Highest increase
- Health: 6.1%
- Lowest increase
- Energy: -2.0%
Historical Context
Current inflation is 0.9% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 2.8%
- All-time high (2022)
- 10%
- All-time low (2016)
- 0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- February: -5.2 percentage points
ECB Target
Inflation is 1.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Derived CPI | Difference vs. 2023 |
|---|---|---|---|
| January | 3.2% | 2.4% | -4.4 |
| February | 2.8% | 2.1% | -5.2 |
| March | 3.1% | 2.3% | -1.3 |
| April | 2.7% | 1.9% | -2.5 |
| May | 2.7% | 1.9% | -3.4 |
| June | 3.2% | 2.1% | -2.5 |
| July | 3.7% | 2.7% | -0.9 |
| August | 3.6% | 2.6% | +0.6 |
| September | 3.5% | 2.5% | +3.3 |
| October | 3.5% | 2.6% | +3.9 |
| November | 4.0% | 3.1% | +2.4 |
| December | 4.1% | 3.1% | +2.9 |
| Average | 3.3% | 2.4% |
Data source
Data from CBS. Last updated: 08/01/2026.