New estimate: sharply rising prices for at least three years | Financial

That is what De Nederlandsche Bank (DNB) predicts in a new economic forecast. “We are dealing with sharply increased inflation,” says DNB board member Olaf Sleijpen. According to him, the average price increase will remain ‘on the high side’ in the coming years.

This year, DNB expects inflation of 2.7%. On Budget Day, the Central Planning Bureau (CPB) still assumed 1.9%. DNB predicts an average price increase of 3% for next year and 2.9 percent in 2023.

Consumers already notice the high prices of gas and petrol in their wallets. But according to DNB, the price increase is not limited to energy: “In addition to energy, durable consumer goods such as cars, furniture and computer equipment have risen remarkably strongly.”

Budgetary impulse

The coalition agreement, which was presented last week, still uses old inflation estimates. The purchasing power plus of less than half a percent per year from the coalition agreement will be lower with these new forecasts.

Sleijpen points out that the Rutte IV cabinet is coming up with a ‘major budgetary impulse’. Because billions of extra are being spent ‘you can assume that inflation will rise further’. Climate taxes will also lead to further price increases, according to DNB.

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