Food Prices Are Still Going Up, but Less Sharply
The increase in June inflation was driven chiefly by food and beverages as well as tobacco, which had gone up 4.6 percent from the same month last year. Though still elevated, that is a significant deceleration from the 7.

1 percent rise seen in May. Services prices, meanwhile, grew at a slightly more rapid pace, rising 4.4 percent in June, compared with 3.

8 percent in the prior month.

Energy, including motor fuels, edged up 0.6 percent in June after a 1 percent decline in May.

Consumer prices remained largely flat in May.

European Comparison and Broader Context
According to HICP, which the European Central Bank uses as its inflation yardstick, Dutch inflation was 2.8 percent in June and 2.

9 percent in May. This approach removes the cost of living in owner-occupied housing from the comparison to render comparisons between Member States more consistent.

"Even after the recent fall in food and energy prices, Dutch inflation is still one of the highest in the eurozone," de Meijer said.

CBS says this is due to a higher increase in prices in the food, drink, and tobacco sectors.

The European Central Bank (ECB) has an inflation target of 2 percent. Inflation in the eurozone is only marginally below that milestone.

Later today, Eurostat is due to publish the latest eurozone inflation estimate.

The final o.