Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral: NETHERLANDS

March 13, 2023

Preview Citation

Format: Chicago

Saioa Armendariz, and Alla Myrvoda. Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral: NETHERLANDS, (USA: International Monetary Fund, 2023) accessed May 20, 2025

Summary

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.

Subject: Consumer prices, Energy prices, Fuel prices, Inflation, International organization, Labor, Monetary policy, Prices, Wages

Keywords: Collective bargaining, Consumer prices, Core inflation composition, Energy, Energy mix, Energy pass-through, Energy prices, Fuel prices, Global, I. Phillips Curve specification, Inflation, Inflation development, Inflation differential, Inflation methodology, Phillips curve, Profits, Wage-Price spiral, Wages

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2023/021
Stock No:

SIPEA2023021
ISBN:

9798400235320
ISSN:

2958-7875

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