The annual inflation rate in the Netherlands eased to 3.1% in October 2025 from a five-month high of 3.3% in September, according to preliminary estimates. The main downward pressure came from a sharp slowdown in energy prices, with energy inflation falling to 2.1% in October from 4.0% in September, while non-energy industrial goods inflation declined to 0.4% from 1.5%. In contrast, services inflation accelerated to 4.5% from 4.1%, and food, beverages, and tobacco prices edged up to 3.8% from 3.7%. On a monthly basis, consumer prices are expected to rise 0.3%, reversing a 0.1% decline in the previous period. Meanwhile, HICP-based inflation, which excludes owner-occupied housing costs, was estimated at 3.0% in October, unchanged from September.
