The European jewellery market HICP presents significant variation across countries, with the highest values observed in Hungary (17.473) and Croatia (15.56) indicating elevated inflation rates for jewellery. Comparatively, Western European countries like Ireland (6.55) and Switzerland (9.965) show lower HICP values, reflecting more stable price levels.
Over the past two years, notable year-on-year changes include Hungary’s steep increase of 16.23% and other significant rises in the Czech Republic (10.37%) and Luxembourg (10.52%). On the other end, several countries like Croatia, Spain, Romania, Kosovo, and Serbia show 0% YoY variation, suggesting steady prices during this period.
Looking forward, future trends to watch include potential volatility in Eastern European markets driven by economic and geopolitical factors. Additionally, Western European countries might experience gradual price adjustments reflective of broader inflation trends and consumer demand shifts. Monitoring these variables will be critical for understanding the European jewellery market dynamics.
Top countries in Jewellery HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 174.73 | 2022 | +16.52% | +16.23% | View data |
| 2 | 2 Croatia | 155.6 | 2022 | +13.37% | View data | |
| 3 | 3 Slovakia | 151.86 | 2022 | +14.09% | View data | |
| 4 | 4 Bulgaria | 150.8 | 2022 | +12.29% | +7.72% | View data |
| 5 | 5 Czech Republic | 148.3 | 2022 | +14.52% | +10.37% | View data |
| 6 | 6 Luxembourg | 147.77 | 2022 | +9.47% | +10.52% | View data |
| 7 | 7 Austria | 146.88 | 2022 | +8.52% | +6.16% | View data |
| 8 | 8 Poland | 145.2 | 2022 | +13.35% | +10.17% | View data |
| 9 | 9 Spain | 144.83 | 2022 | +7.96% | View data | |
| 10 | 10 Sweden | 144.12 | 2022 | +4.34% | +8.55% | View data |
