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Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral : NETHERLANDS
Authors: ---
Year: 2023 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Global inflation surged in 2022, driven by high gas price growth. With Russia being a key supplier of energy products, the start of the war in Ukraine has led to strong inflationary pressures in the euro area (EA), given the region’s significant exposure to the Russian gas. The price shock has been particularly strong in the Netherlands, largely due to the larger share of gas on the energy mix compared to other peers, making the country vulnerable to changing market conditions.


Book
Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral : NETHERLANDS
Authors: ---
ISBN: 9798400235573 Year: 2023 Publisher: Washington, D.C. : International Monetary Fund,

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Export citation

Choose an application

Bookmark

Abstract

Global inflation surged in 2022, driven by high gas price growth. With Russia being a key supplier of energy products, the start of the war in Ukraine has led to strong inflationary pressures in the euro area (EA), given the region’s significant exposure to the Russian gas. The price shock has been particularly strong in the Netherlands, largely due to the larger share of gas on the energy mix compared to other peers, making the country vulnerable to changing market conditions.

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