In 2024, Estonia, Lithuania, and the Netherlands lead with the highest increases in HICP for housing, water, electricity, gas, and other fuels. These countries face significant inflationary pressures compared to European peers such as Switzerland and Albania, which exhibit the lowest change. Variations indicate a sustained upward trend, especially in the Baltic region. Over the past five years, there has been a consistent increase across most countries, with divergent growth rates reflecting region-specific economic conditions and energy policies.
Future trends to watch include:
- Impact of global energy price fluctuations on HICP, especially in energy-importing nations.
- Green transition policies influencing utility costs and thus affecting HICP.
- Potential economic recovery impacts post-COVID-19 and geopolitical tensions on energy supplies, particularly in Europe.
- Technological advancements leading to energy efficiency which may stabilize or reduce HICP.
Top countries in Housing, Water, Electricity, Gas and Other Fuels HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Estonia | 52.3 | 2022 | View data |
| 2 | 2 Lithuania | 47.8 | 2022 | View data |
| 3 | 3 Netherlands | 35.3 | 2022 | View data |
| 4 | 4 Latvia | 35 | 2022 | View data |
| 5 | 5 Italy | 35 | 2022 | View data |
| 6 | 6 Belgium | 32.3 | 2022 | View data |
| 7 | 7 Greece | 25 | 2022 | View data |
| 8 | 8 Ireland | 24.1 | 2022 | View data |
| 9 | 9 Poland | 22.5 | 2022 | View data |
| 10 | 10 Romania | 22.5 | 2022 | View data |
