According to CBS figures, inflation in the Netherlands continues to rise. Dutch consumer prices rose faster in December than in the previous month. On an annual basis, the price level increased by 5.7% in the month of December, in October this was an increase of 5.2%. The increase was mainly due to higher prices for gas, district heating and electricity. In December, the price of energy was 74.9% more expensive than in the previous year, while in November it was 57.4% more expensive. Besides energy, the price development of food also contributes to the rising inflation. Food products in December were 2.6% more expensive than in the previous year, where it was 1.1% in November. Mainly meat, vegetables and fruit have become more expensive.
Eurostat published figures on Monday showing that unemployment in the eurozone fell again in November. Unemployment fell to 7.2% in November, where it was 7.3% the month before. In the previous year, November 2020, the unemployment rate was still 8.1% in the eurozone.
At a settlement of USD 78.23, a barrel of West Texas Intermediate fell 0.9% in price. Concerns about omicron, and production disruptions in Kazakhstan and Libya are factored in into the price development.
The 6M Euribor decreased with 1 basis point to -0.54% compared to previous business day. The 10Y Swap increased with 1 basis point to 0.38% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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