Global Economic News

Dutch Inflation Near 1-Year Low, Manufacturing Downturn Softens

The Netherlands' consumer price inflation slowed to the lowest in nearly a year in January and the downturn in manufacturing softened on renewed expansion in production, separate data revealed Wednesday.

Consumer prices rose 7.6 percent from the previous year, slower than the 9.6 percent increase in December, the flash estimates from Central Bureau of Statistics showed. This was the lowest rate since last February, when inflation was 6.2 percent.

Prices of consumer goods and services were 9.6 percent more expensive than a year ago. Final data is due on February 9.

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by Renju Jaya

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