The latest data on HICP (Harmonised Index of Consumer Prices) for unprocessed food across Europe reveals significant variability among countries. Hungary leads the increase with 24.1%, indicating potential economic strains, followed closely by Serbia and Estonia. The Baltic states show high rates, suggesting regional inflation pressures. Western and Northern European countries, particularly Switzerland, Ireland, and Luxembourg, depict the lowest inflations, reflecting stability in their markets. Switzerland stands out with minimal change, pointing to unique economic resilience or prevalent subsidies impacting food costs.
Looking ahead, watch for fluctuations in agricultural production, climatic impacts, and geopolitical events that might affect supply chains and pricing. Countries with high inflation rates might adopt stabilization policies, while low-inflation regions could focus on maintaining economic consistency. These factors will shape the future landscape of unprocessed food prices across Europe.
Top countries in Unprocessed Food HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 24.1 | 2022 | View data |
| 2 | 2 Serbia | 21.5 | 2022 | View data |
| 3 | 3 Estonia | 20.9 | 2022 | View data |
| 4 | 4 Montenegro | 20.7 | 2022 | View data |
| 5 | 5 Lithuania | 20.4 | 2022 | View data |
| 6 | 6 Bulgaria | 20 | 2022 | View data |
| 7 | 7 Slovakia | 19.7 | 2022 | View data |
| 8 | 8 Latvia | 16.9 | 2022 | View data |
| 9 | 9 Macedonia | 16.7 | 2022 | View data |
| 10 | 10 Poland | 15.4 | 2022 | View data |
