Dutch harmonized consumer price inflation slowed unexpectedly in September largely due to lower petrol prices, data from the Central Bureau of Statistics showed Thursday.
The harmonized consumer prices rose 0.3 percent in September from last year, slower than the 0.4 percent increase logged in August. Economists had forecast the rate of growth to accelerate to 0.5 percent.
Inflation slowed for the second straight month after hitting a 19-month high in July.
At the same time, consumer price inflation eased to 0.6 percent in September from 0.8 percent in August. A similar lower rate was last seen in April 2015.
Excluding energy, food, alcohol and tobacco, core inflation held steady at 1.3 percent in September.
On a monthly basis, harmonized prices and consumer prices dropped 0.2 percent each in September.
The material has been provided by InstaForex Company – www.instaforex.com