DON’T MISS
IamExpat FairIamExpat Job BoardIamExpat Webinars
Newsletters
EXPAT INFO
CAREER
HOUSING
EDUCATION
LIFESTYLE
EXPAT SERVICES
NEWS & ARTICLES
Home
Expat Info
Dutch news & articles
War in Ukraine leads to rising prices across the Netherlands
Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy

War in Ukraine leads to rising prices across the Netherlands

Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy
or
follow us for regular updates:



Related Stories

Dutch government sets aside 2 billion euros to boost purchasing powerDutch government sets aside 2 billion euros to boost purchasing power
Dutch economy in 2024: High inflation, high poverty, and rising purchasing powerDutch economy in 2024: High inflation, high poverty, and rising purchasing power
Cabinet investigates why prices in the Netherlands are higher than elsewhere in EUCabinet investigates why prices in the Netherlands are higher than elsewhere in EU
Dutch inflation rate falls, but food prices remain highDutch inflation rate falls, but food prices remain high
House prices will continue to fall in 2024, Dutch bank predictsHouse prices will continue to fall in 2024, Dutch bank predicts
Price of various food items (finally) falling in the NetherlandsPrice of various food items (finally) falling in the Netherlands
CPB: Increased risk of recession poses no real threat to Dutch economyCPB: Increased risk of recession poses no real threat to Dutch economy
Dutch food prices have risen by 15 percent in 6 months, study revealsDutch food prices have risen by 15 percent in 6 months, study reveals
For expats of all colours, shapes and sizes

Explore
Expat infoCareerHousingEducationLifestyleExpat servicesNews & articles
About us
IamExpat MediaAdvertisePost a jobContact usSitemap
More IamExpat
IamExpat Job BoardIamExpat HousingIamExpat FairsWebinarsNewsletters
Privacy
Terms of usePrivacy policyCookiesAvoiding scams

Never miss a thing!Sign up for expat events, news & offers, delivered once a week.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy


© 2025 IamExpat Media B.V.
© 2025 IamExpat Media B.V.
Mar 3, 2022
Victoria Séveno
Victoria grew up in Amsterdam, before moving to the UK to study English and Related Literature at the University of York and completing her NCTJ course at the Press Association in London. She has a love for all things movies, animals, and food. Read more

The war in Ukraine has already had far-reaching consequences for people around the world, and over the past week has resulted in significant changes to the prices of a number of goods in the Netherlands. 

Prices of oil and gas soar across Europe

Prices were already on the rise, but since Russia invaded Ukraine on February 24, prices for oil and energy have increased further. UnitedConsumers reports that, over the course of Wednesday night, the price of Euro95 (E10) petrol rose by 2 cents to reach 2,275 euros a litre. This marks only the third time ever that drivers in the Netherlands have seen petrol prices rise at such a rapid rate. Diesel and LPG are also becoming more expensive, costing 1,963 and 1,201 euros a litre respectively.

One of the major issues is the rising price of gas, leading to higher energy bills for households, businesses and families across Europe. On Wednesday, the price of gas soared to 194 euros per megawatt-hour - a new record. The previous record was around 181 euros per megawatt-hour, set in December 2021.

Russia and Ukraine major exporters of wheat and metals

In addition to rising oil and energy prices, with Russia and Ukraine’s statuses as major grain exporters, the price of wheat has soared over the past seven days, reaching its highest level since 2008 on Wednesday. This is likely to have knock-on effects on the prices of beer, bread, and other baked goods, as well as meat and eggs.

Russia is also a key exporter of raw materials such as iron ore, steel, and other metals. Supplies of nickel, aluminium, and platinum have already been affected by the crisis, with prices rising significantly over the past few days.

Dutch inflation rate dipped slightly in February

On Wednesday, Statistics Netherlands (CBS) presented the preliminary inflation figures for February. According to the European HICP method, inflation in the Netherlands fell slightly between January and February, from 7,6 percent to 7,2 percent. 

However, experts note that this trend isn’t likely to continue, as the Russian invasion of Ukraine in the final days of February happened too late to have any real impact on the national inflation level, and that the ongoing war will cause further price increases over the coming months.

By Victoria Séveno