Selected Issues Papers

Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral: NETHERLANDS

Author/Editor:

Saioa Armendariz ; Alla Myrvoda

Publication Date:

March 13, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Global inflation surged in 2022, driven by high gas price growth. With Russia being a key supplier of energy products, the start of the war in Ukraine has led to strong inflationary pressures in the euro area (EA), given the region’s significant exposure to the Russian gas. The price shock has been particularly strong in the Netherlands, largely due to the larger share of gas on the energy mix compared to other peers, making the country vulnerable to changing market conditions.

Series:

Selected Issues Paper No. 2023/021

Subject:

Consumer prices Energy prices Fuel prices Inflation International organization Labor Monetary policy Prices Wages

Frequency:

Regular