Economy

Figures - Prices



In the period January 2005-December 2016, manufacturing prices rose by more than 25 percent while prices in the food industry increased by nearly 40 percent. Within the food industry, the sharpest price rise relative to January 2005 was in edible oils and fats with 96 percent.



At the beginning of 2017, producer prices started picking up again in nearly all sectors after a four-year decline. This trend was mainly determined by price developments in the petroleum industry, which recorded a year-on-year increase of 60 percent in the first quarter. Chemical industry prices rose by 12 percent year-on-year. Prices of chemical products are greatly influenced by price changes in the petroleum industry.



In 2016, prices of services rose by 0.4 percent on average relative to one year previously. The average price level was therefore over 6 percent higher than in 2007. Not all services became more expensive; prices fell in some market segments within the transport and storage sector as well as the information and communication sector.



In 2016, prices of real estate services increased by 1.9 percent on average, a sign of sustained recovery as of 2015. The malaise on the residential and commercial property markets was felt by all service providers in the years after 2008: movers, real estate agents and architects all suffered from falling prices. Real estate agents experienced the strongest decline at 12 percent relative to 2007. Only removal services have more or less returned to their pre-crisis price levels.



CPI inflation in the Netherlands according to the Harmonised Index of Consumer Prices (HICP) averaged 0.1 percent in 2016, the lowest inflation rate since 1997. Eurozone inflation amounted to 0.2 percent on a yearly basis. The European Central Bank (ECB) uses this information to make monetary policy decisions. In the pursuit of price stability, the ECB aims at maintaining inflation rates below, but close to, 2 percent over the medium term.



In 2016, prices of existing owner-occupied dwellings were on average 5 percent up from 2015. General price levels on the markets for existing homes in Amsterdam, Utrecht and Rotterdam have already surpassed pre-crisis levels. House prices reached a record high in August 2008, followed by a record low in June 2013 and an upward trend since then.
In 2016, 215 thousand dwellings were sold, the highest number of transactions since 1995. These transactions involved a record amount exceeding 52 billion euros.

Colofon

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Explanation

Explanation of symbols

empty cell Not applicable
. Data not available
* Provisional figure
** Revised provisional figure (but not definite)
2016-2017 2016 to 2017 inclusive
2016/2017 Average for 2016 to 2017 inclusive
2016/’17 Crop year, financial year, school year, etc., beginning in 2016 and ending in 2017
2014/’15-2016/’17 Crop year, financial year, etc., 2014/’15 to 2016/’17 inclusive

Due to rounding, some totals may not correspond to the sum of the separate figures.

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