Small decline in sales prices of Dutch industry
The prices that Dutch industrial companies ask for their goods fell slightly in October, after an increase in September. On average, selling prices were 0.1 percent lower than in the same month last year, reports the Central Bureau of Statistics (CBS). In September, prices rose by 0.6 percent.
Producer prices can influence inflation because companies pass them on to customers. Strongly rising selling prices may increase inflation, while falling prices will slow down inflation.
According to Statistics Netherlands, the development of producer prices is strongly related to crude oil prices. In October, a barrel of crude North Sea Brent cost more than 20 percent less than a year earlier. In September, oil was more than 12 percent cheaper than a year earlier.
Products from the petroleum industry were 5.7 percent cheaper in October than a year ago. In September, prices were 0.1 percent higher than a year earlier. The chemical industry’s selling prices were 3.3 percent lower last month than a year earlier. In September, prices were 4 percent lower than in September 2024.
Compared to September, industrial selling prices fell by 0.5 percent last month. Prices on the foreign market fell by 0.7 percent. There was a price decrease of 0.1 percent on the domestic market.
Producer prices can influence inflation because companies pass them on to customers. Strongly rising selling prices may increase inflation, while falling prices will slow down inflation.
According to Statistics Netherlands, the development of producer prices is strongly related to crude oil prices. In October, a barrel of crude North Sea Brent cost more than 20 percent less than a year earlier. In September, oil was more than 12 percent cheaper than a year earlier.
Products from the petroleum industry were 5.7 percent cheaper in October than a year ago. In September, prices were 0.1 percent higher than a year earlier. The chemical industry’s selling prices were 3.3 percent lower last month than a year earlier. In September, prices were 4 percent lower than in September 2024.
Compared to September, industrial selling prices fell by 0.5 percent last month. Prices on the foreign market fell by 0.7 percent. There was a price decrease of 0.1 percent on the domestic market.