Economy
Figures - Prices
After three years of slight increases, there was once again a more substantial rise in consumer prices in 2017. On average, prices went up by 1.4 percent in 2017 compared to 2016. Goods were 1.5 percent more expensive on average, while the price of services was 1.2 percent above the level of 2016. The 0.3 percent price increase for goods and services in 2016 was the lowest in almost 30 years.
Food prices rose by a relatively high margin in 2017. Looking back on the period 2007–2017, only 2008 experienced a more significant rise in food prices. In 2017, the price of healthier foodstuffs, such as semi-skimmed milk and eggs, rose over twice as much as the price of unhealthier foods. The stronger price increase for healthier foods is not an isolated incident. In previous years too, the prices of healthier foods also rose by more than those of unhealthier foods.
The average selling price of an existing owner-occupied home in the Netherlands rose to over 263,000 euros in 2017. As in previous years, people paid more for a house in Bloemendaal (776,000 euros on average) than anywhere else in the Netherlands. Home buyers in Delfzijl paid the least for their property: an average of 141,000 euros. Differences between municipalities were greater in 2017 than in 2016.
In January 2018, producer prices in industry rose by 1.2 percent compared to the previous year. Prices went up in almost all sectors, less strongly at the end of the year than at the beginning of 2017. The petroleum industry largely determines the development of prices in both industry and the chemical sector. At the start of 2018, prices in the petroleum industry were 4.9 percent higher than they had been one year earlier. That was a much smaller increase than in the first quarter of 2017, when petroleum prices rose by 56 percent.
In January 2018, prices in the food industry were 2 percent higher than they had been in 2015. That is a more modest increase than for industry as a whole. Within the food industry, however, slaughterhouse prices rose sharply, by over 13 percent since 2015. This reflects a greater demand for meat in recent years and the increase in the price of animal feed.
The prices of commercial services and transport have risen steadily in recent years. This also applies to most of the underlying branches. Operational costs and trade in real estate showed the most notable price rises. In this sector, average prices were 12.2 percent higher in 2017 than they had been in 2010. The prices of administrative and support services also rose. The only drop in prices was to be found in the information and communication industry.
Prices for services in the transport and storage sector have been on the rise for almost a decade. This trend was most striking in express delivery services, where prices rose by 18.6 percent in the period 2010–2017. However, the price of transport by water has fallen considerably in recent years.