Thu, 08 Nov 2012 15:23:22 GMT
Dutch inflation reaches 10-year record on the increased VAT
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.