Prices rose by no less than 10 percent last year compared to 2021. Inflation was therefore the highest in centuries. It was close to breaking a record from the 1970s. Energy and food in particular have become much more expensive.
In recent decades, inflation has rarely been so high. In 1975 alone, the percentage was even higher at 10.2%, reports the Bureau of Statistics CBS Tuesday.
The largest price increases were seen in energy costs, which were no less than 114% higher than in 2021. Gas and electricity prices have risen sharply due to the war in Ukraine.
Food has also become much more expensive. Prices increased by 10.2%, mainly due to more expensive meat, dairy products, grains and vegetables.
Petrol and diesel have also increased significantly by more than 18 percent compared to 2021. On average, a liter of petrol cost 2.07 euros last year. In 2021 that price was 1.82 euros. The average price of diesel went from 1.46 to 1.96 euros.
The pain of inflation was felt more in 2022 than in 1975. Prices rose sharply then, but wages also rose sharply. In 2022, wage growth lagged far behind inflation: Collectively agreed wages increased by about 3.2%.
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Inflation will remain high in 2023
Economists also expect sharp price increases in 2023. But to a lesser extent than last year. Inflation remains high because energy prices are now increasingly having an indirect effect on the prices of all types of products. For example, the baker has to pass on higher energy costs. Furthermore, wage increases in various sectors also translate into higher prices.
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Inflatierecord uit 1975 sneuvelt net niet, terwijl de pijn nu veel groter is
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Nederlandse inflatie voor het eerst sinds 1975 boven de 10 procent