Economic impact of COVID-19 according to CBS

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How are consumer prices developing?

The consumer price index (CPI) was 1.8 percent higher in February than in the same month last year. The inflation rate still stood at 1.6 percent in January 2021. The increase in inflation is mainly due to the price development of motor fuels. In February, fuel prices were 0.7 percent higher than one year previously, while motor fuels were 5.4 percent cheaper in January year-on-year. Consumers paid an average of 1.676 euros per litre for petrol and 1.354 euros for diesel in February. In January, this was 1.615 euros and 1.289 euros per litre respectively. The price developments of clothing and energy also had an upward effect on inflation

How is retail turnover developing?

In January 2021, the Dutch retail sector recorded 5.9 percent year-on-year turnover decline. The volume of sales went down by 8 percent. However, due to the measures against the spread of coronavirus, there are great divergences within the sector. Turnover in the food sector rose by 8.6 percent, while turnover in the non-food sector shrank by 37.7 percent. In addition, online turnover increased by more than 92 percent in January.

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