Based on the provided data for the Harmonized Index of Consumer Prices (HICP) for cheese across European countries in 2024, Hungary leads with a significant year-on-year change of 49.1%. Other notable increases were observed in Lithuania (40.6%), Latvia (30.1%), and Bulgaria (28.4%). Western European countries like Switzerland (2.9%), Norway (5%), and France (8.1%) reported smaller increases. Generally, Eastern European countries experienced higher inflation in cheese prices compared to their Western counterparts.
Future trends to watch for include the stabilization of cheese prices in countries that saw high increases, potential shifts in consumer demand due to price changes, and external factors such as changes in dairy production costs or EU agricultural policies affecting price trends across the region.
Top countries in Cheese HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 49.1 | 2022 | View data |
| 2 | 2 Lithuania | 40.6 | 2022 | View data |
| 3 | 3 Latvia | 30.1 | 2022 | View data |
| 4 | 4 Bulgaria | 28.4 | 2022 | View data |
| 5 | 5 Estonia | 26.7 | 2022 | View data |
| 6 | 6 Montenegro | 22.5 | 2022 | View data |
| 7 | 7 Macedonia | 21.9 | 2022 | View data |
| 8 | 8 Poland | 20 | 2022 | View data |
| 9 | 9 Germany | 19.7 | 2022 | View data |
| 10 | 10 Serbia | 19.3 | 2022 | View data |
