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Netherlands: The Central Planning Office (CPB) expects that the average Dutch household’s purchasing power will fall by a total of about 4 percent this year and next year.

The decline in purchasing power is mainly due to high inflation and less-high wage increases, the CPB said. According to the base scenario, based on the current energy prices, inflation will be 3.5 percent next year.

People with lower incomes are most at risk, this group spends a larger share of their income on energy. The CPB believes that some 430,000 households will eventually face financial problems and be unable to afford their food, housing, or energy costs. If this winter is harsh, that could be up to 500,000 households.

https://nltimes.nl/2022/12/06/nl-residents-purchasing-power-drop-4-despite-energy-price-cap-cpb

NL residents' purchasing power to drop 4% despite energy price cap: CPB
The Central Planning Office (CPB) expects that the average Dutch household’s purchasing power will fall by a total of ab…
NL TimesNLTIMES.NL
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