Page 2 - Van Mulligen News Today

The first increase in annual inflation since its June 2022 peak was driven in part by higher mortgage interest costs and higher rent prices.

Inflation is inescapable, but it shouldn’t affect everything at the King’s Day free markets today, according to Statistics Netherlands economist Pieter Hein van Mulligen. Beer and food will likely be more expensive, but the traditional free market fare should cost about the same as last year, he said to NU.nl. “Whatever it costs, you still can’t get rid of that pile of old CDs on the paving stones.”

Sales of new construction homes fell by half in the last quarter of 2022 compared to a year earlier, Statistics Netherlands (CBS) said this week. This is the largest decrease since the statistics office started tracking the figure in 2015. The number of transactions for new-build homes fell at an increasingly rapid rate over the course of 2022. In October, November and December, for example, Statistics Netherlands counted just over 5,300 new-build homes sold. That is almost 51 percent lower than...

CIBC team suspects narrative shift is coming after an expected 75-basis-point increase on Sept. 7

Expect more rate hikes, as fuel prices are the exception to a still-rising cost of living

Interest rates are still low and economy-watchers expect borrowing costs to keep rising, even as consumers find everything but gas is getting dearer.

Dutch economy is still full steam ahead, growing 2.6% in Q2

THE HAGUE, Aug. 17 (Xinhua) -- The Dutch economy grew by 2.6 percent in the second quarter, an unexpectedly strong growth from the previous three months despite soaring inflation and declining consumer confidence, the Central Bureau of Statistics (CBS) announced on Wednesday.

Dutch economy grows 2.6 pct in Q2 despite soaring inflation-

Inflation in the Netherlands rose to 10.3 per cent in July, exceeding the 10 per cent mark for the first time since September 1975, the Central Bureau of Statistics (CBS) announced.