The annual inflation rate in the Netherlands accelerated to 3.5% in May 2026 from 2.8% in April, confirming preliminary estimates and marking the highest reading since April last year. The main upward pressure came from higher transport inflation (9.9% vs 6.9% in April), primarily driven by increased costs of international flights, with airline tickets 12.3% more expensive than a year earlier. Price growth also picked up for housing (3.5% vs 3.3%), recreation and culture (2.8% vs 1.6%), and restaurants and accommodation (6.5% vs 3.9%). In contrast, inflation eased sharply for food and non-alcoholic beverages (0.1% vs 1.4%), while deflation persisted for household goods and services (-0.3% vs -0.4%). On a monthly basis, consumer prices rose just 0.1%, following a 1.1% jump in April, which was the largest increase in nine months. Meanwhile, annual HICP inflation, which excludes owner-occupied housing, picked up to 3.4% from 2.5% in April.

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