And this is just the start.
Taking a step back at the whole euro area inflation:
Source: ec.europa.eu.
Note: ignore the October label, this is for November as shown in the image URL.
The numbers are by design built to look smaller. They don't include for example rents or house price increases, but interesting to see that Energy is going through the roof at this point. And since the whole economies are based on some sort of energy, it's a matter of 2-3 months until the snowball of increased prices for products and services will get bigger and bigger.
But on the other hand, as the brilliant ex-Prime Minister Rutter said: "the (dutch) economy is strong".
