Dutch inflation hits 3.7% as gas prices jump 11.7%
Statistics Netherlands confirmed prices rose 3.7% year on year in October, up from 3.4% in September. The main driver is gas, up 11.7% on the year.
Event: November 10, 2026
Primary source: November 10, 2026
Published here: November 10, 2026 at 08:56 AM UTC
Read: 2 min
What happened
On November 10 Statistics Netherlands (CBS) released final October price data. Inflation was 3.7% year on year, up from 3.4% in September. It matched the November 4 flash estimate. Prices rose 0.7% on the month. On the European HICP measure inflation was 3.3%.
Why it matters to you
Gas rose 11.7% on the year, up from 7.4% in September. That weighs on household and business bills this winter. Per CBS, euro area inflation was 4.0% in October. High prices make it harder for the ECB to cut rates, and the euro and mortgages hang on rates.
What to check and watch
Petrol and diesel still cost more than a year ago, but the rise is slowing. Watch European gas prices this winter and the ECB's December decision. This is an overview, not advice.
Where it’s happening
LIVEDrag to spin. Green dots: the exchange is trading right now (regular hours, holidays not counted). Shadow: where it is night now. Borders: Natural Earth, quakes: USGS. Layer idea: God’s Eye View (MIT).
What happened. CBS confirmed its flash estimate: 3.7% in October versus 3.4% in September. Prices rose 0.7% on the month. Over the past ten years, October prices rose 0.5% on September on average. Only October 2021 and 2022 saw a bigger jump.
Gas. Natural gas was 11.7% more expensive than a year earlier, versus 7.4% in September. CBS says this is the main reason inflation rose.
Food. Food prices fell 1.1% on the year, versus minus 1.7% in September. The smaller drop also pushed inflation up.
Fuel. Petrol and diesel now pull inflation down. Petrol was 22.6% dearer than a year ago, versus 27.3% in September. Diesel was up 44.4%, versus 45.8%.
Euro area. On the HICP, Dutch inflation was 3.3% and euro area inflation 4.0%. CBS explains the gap: food is getting cheaper in the Netherlands but dearer across the euro area, and energy rose more in the euro area overall.
Confirmed facts
- Dutch inflation was 3.7% year on year in October 2026 versus 3.4% in September, matching the November 4 flash estimate.[1][2]
- Prices rose 0.7% on September; the 10-year average October rise is 0.5%.[1]
- Natural gas rose 11.7% on the year versus 7.4% in September.[1][2]
- Food fell 1.1% on the year versus minus 1.7% in September.[1][2]
- Petrol was up 22.6% on the year (27.3% in September), diesel 44.4% (45.8% in September).[1][2]
- HICP inflation was 3.3% versus 3.0% in September; euro area 4.0% versus 3.8%.[1][2]
- The reading matched analyst forecasts.[2]
Implications
- ConfirmedRising gas prices were the main driver of Dutch inflation in October.
- Our readingHeating bills may stay high this winter unless gas gets cheaper. This is our inference.
- Our readingEuro area inflation at 4.0% lowers the odds of an ECB rate cut in the coming months. This is our inference.
Still unknown
- Where European gas prices go this winter
- What the ECB decides on rates in December
- Whether fuel keeps getting cheaper
Who it affects
Netherlands, Euro area. People living in the euro area or watching the euro and the ECB
Sources
- Statistics Netherlands (CBS): Inflation rises to 3.7 percent in October November 10, 2026 · official
- Investing.com: Dutch inflation rises to 3.7% in October as gas prices climb November 10, 2026 · media
Cover: Freekonomist graphic, a symbolic image, not a photo of the event. This is a news explainer, not financial advice.
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