Dutch Inflation: Developments, Drivers, and the Risk of Wage-Price Spiral: NETHERLANDS
Electronic Access:
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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.
Series:
Selected Issues Paper No. 2023/021
Subject:
International organization Monetary policy
Frequency:
Regular
English
Publication Date:
March 13, 2023
ISBN/ISSN:
9798400235320/2958-7875
Stock No:
SIPEA2023021
Pages:
30
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