Dutch inflation reaches 10-year record on the increased VAT

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Source: RTT News
© Scanpix/Reuters
The Dutch rate of inflation increased to 3.3% in October, from 2.5% in the previous month. Inflation, measured by harmonized consumer price index, reached 10-year record of the Netherlands mainly due to 2% increase to 21% in the value added tax. The tax hike made energy and daily usage products' more expensive, together with increased food prices due to poor this year harvest.
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