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November 29
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Inflation in the Netherlands jumped in September to its highest level in decades due to a sharp rise in energy prices, the statistics agency (CBS) reported.

Consumer prices, adjusted for inflation in other European Union countries (HICP), rose to 17.1 percent this month after jumping to 13.7 percent in August.

Energy prices in the eurozone's fifth-largest economy were 114% higher than in September 2021, and food prices jumped 10.5%, Reuters reported.

Inflation helped boost retail sales by 2% in August, even though sales fell 6% as consumer confidence fell to a record low.

This month, the Dutch government said it would spend about 18 billion euros to help people pay their bills and capped gas and electricity prices.

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