The European Cheese Harmonised Index of Consumer Prices (HICP) for 2024 highlights Hungary as having the highest projected index value, indicating significant cost increases in comparison to other countries. Lithuania and Bulgaria also present high values, reflecting substantial inflationary pressures. Significant year-on-year variations are observed in countries like Hungary and Lithuania, suggesting notable price shifts. The average annual variations over the past five years indicate a consistent upward trend in cheese prices across many European countries.
Future trends to consider in European Cheese HICP include potentially rising production costs due to supply chain disruptions and climate change impacts on ingredients. Monitoring changing consumer preferences towards sustainable and local products could also drive pricing dynamics and regional market adjustments.
Top countries in Cheese HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 175.37 | 2022 | +49.05% | +17.03% | View data |
| 2 | 2 Lithuania | 159.8 | 2022 | +40.63% | +8.48% | View data |
| 3 | 3 Bulgaria | 157.14 | 2022 | +28.41% | +8.67% | View data |
| 4 | 4 Latvia | 142.38 | 2022 | +30.07% | +10.25% | View data |
| 5 | 5 Iceland | 137.71 | 2022 | +8.2% | View data | |
| 6 | 6 Czech Republic | 137.2 | 2022 | +17.47% | +7.22% | View data |
| 7 | 7 Kosovo | 136.91 | 2022 | +15.7% | View data | |
| 8 | 8 Poland | 136.4 | 2022 | +20.07% | +8.56% | View data |
| 9 | 9 Montenegro | 136.2 | 2022 | +22.46% | +8.32% | View data |
| 10 | 10 Romania | 134.76 | 2022 | +16.98% | View data |
