The annual inflation rate in the Netherlands rose to 3.5% in May 2026, picking up from 2.8% in April, according to preliminary estimates. This marked the highest reading since March 2025, as price growth accelerated across most major categories, with energy including motor fuels rising 9.9%, compared with 7.9% in April, driven by higher fuel and utility costs. Services inflation also picked up to 4.7% from 3.6%, while industrial goods excluding energy and motor fuels edged up to 0.7% from 0.3%. In contrast, food, beverages and tobacco inflation slowed to 0.4% from 1.5%. Meanwhile, consumption abroad rose 5.6%, following a 3.4% increase in the previous period. On a monthly basis, consumer prices grew 0.1%, easing from a 1.1% jump in April. The quick estimate of HICP-based inflation, which excludes owner-occupied housing costs, stood at 3.4% in May, accelerating from 2.5% in April.

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