The European Food Including Alcohol and Tobacco HICP illustrates notable variation by country as of 2023, with Hungary showcasing the highest rate at 15.963 and Switzerland the lowest at 10.277. Over the last year, Hungary led with an 8.93% increase, while Switzerland experienced a modest 0.39% rise. The five-year compounded annual growth rates reveal larger increases in Eastern Europe, featuring Hungary, Lithuania, and Romania as top performers, reflecting possible inflationary pressures and economic regional disparities.
Future trends to watch include potential market stabilization or further divergence due to varying fiscal policies, geopolitical impacts on supply chains, and changes in consumer spending transitioning into 2024.
Top countries in Food Including Alcohol and Tobacco HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 159.63 | 2022 | +22.13% | +8.93% | View data |
| 2 | 2 Lithuania | 146.39 | 2022 | +21.76% | +6.34% | View data |
| 3 | 3 Serbia | 141 | 2022 | +16.43% | +5.93% | View data |
| 4 | 4 Estonia | 139.81 | 2022 | +16.79% | +5.15% | View data |
| 5 | 5 Albania | 138.53 | 2022 | +10.23% | View data | |
| 6 | 6 Bulgaria | 138.35 | 2022 | +17.69% | +6% | View data |
| 7 | 7 Romania | 138.31 | 2022 | +14.6% | +6.51% | View data |
| 8 | 8 Latvia | 137.55 | 2022 | +17.85% | +5.3% | View data |
| 9 | 9 Czech Republic | 135.8 | 2022 | +13.55% | +5.28% | View data |
| 10 | 10 Montenegro | 135.48 | 2022 | +19.41% | +7.84% | View data |
