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Thursday, Netherlands' Central Bureau of Statistics announced that the consumer price index or CPI rose 1.1% year-on-year in December, faster than the 1% growth in the previous month. This was the fifth consecutive month of increase in inflation. Economists expected an increase of 1.2%. A year earlier, the CPI was up 1.9%.
On a monthly basis, the CPI dropped 0.6% in December, after falling 0.1% in November. Economists were looking for a decline of 0.5%.
Meanwhile, the harmonized index of consumer prices or HICP rose 0.7% year-on-year in December, at the same pace as in the previous month.
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