RTTNews - Thursday, the Netherlands Central Bureau of Statistics announced that the consumer price index or CPI rose 1.6% year-over-year in May, slower than the 1.8% increase in the previous month. Economists were looking for an increase of 1.5%. A year earlier, consumer prices had grown 2.3%.

On a monthly basis, consumer prices increased 0.1% in May, compared to the 0.2% increase in the preceding month. Economists had expected a decline of 0.1%.

The harmonized index of consumer prices or HICP rose 1.5% year-on-year in May, and it was down 0.1% compared to the previous month.

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