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Inflation differentials as rebalancing mechanism in the EMU: the case of the Netherlands

Analyses
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The Netherlands (NL) has experienced higher inflation than the euro area (EA) as a whole. The inflation differential has widened significantly since 2020. This stems from a mix of structural, cyclical and one-off factors.

Gepubliceerd: 03 september 2025

Door: Jan Willem van den End Jos de Grip Marco Hoeberichts Kostas Mavromatis

DNB Analyse - Inflation differentials as rebalancing mechanism in the EMU: the case of the Netherlands

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