Monthly CPI inflation change of the Netherlands 1996-2023
The effects of the coronavirus on inflation in the Netherlands are two-fold, as it increased in both March and April 2020, but showed a small decline in May. This becomes apparent when looking at the CPI inflation on a month-to-month basis, and how much this changed during that time. May 2020 stands out when compared to the same month in previous years, as this month normally shows a small increase in CPI inflation. This changed in 2020, however, as it become one of the few month, outside of December or January, with a decline. In April of 2023, the inflation rate stood at one percent.