In November 2025, the annual inflation rate in the Netherlands decreased to 2.9%, down from 3.1% in October, reaching its lowest level in three months, according to preliminary estimates. The most significant decline was observed in the energy sector, including motor fuels, where inflation dropped to 0.9% from 2.1% in October. Price increases also slowed for food, beverages, and tobacco (decreasing to 3.1% from 3.8%), as well as services (falling to 4.3% from 4.5%). Conversely, inflation ticked slightly higher for industrial goods, excluding energy and motor fuels, rising to 0.5% from 0.4%. On a monthly basis, consumer prices are anticipated to decrease by 0.8%, after a 0.3% increase in October. Additionally, the HICP-based annual inflation rate, which excludes owner-occupied housing costs, is estimated to be 2.6% in November, a drop from 3% in October.