The 2024 forecast for European Furniture and Furnishings HICP shows Hungary leading with a value of 14.51, indicating strong inflation in this sector. Estonia and the Czech Republic follow closely, highlighting significant price rises. Over the past year, Hungary's CPI saw a notable increase of 7.23%, with Estonia and the Czech Republic also experiencing substantial growth. Over the last five years, these countries have shown strong annual increases, suggesting sustained inflationary pressure. Other countries like Ireland and Greece have shown minimal or negative growth, indicating more stable or even declining prices in the sector.
Future trends to watch for in the European Furniture and Furnishings sector include:
- Potential stabilization in countries currently experiencing high inflation, like Hungary and Estonia.
- Impact of economic policies on controlling inflation in European markets.
- Influence of global supply chain disruptions on furniture prices.
- Technology advancements in furniture manufacturing potentially driving down costs.
- Shifts in consumer preferences as economic conditions fluctuate.
Top countries in Furniture and Furnishings HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 145.1 | 2022 | +18.28% | +7.23% | View data |
| 2 | 2 Estonia | 135.87 | 2022 | +16.04% | +5.88% | View data |
| 3 | 3 Czech Republic | 132.9 | 2022 | +13.59% | +5.71% | View data |
| 4 | 4 Lithuania | 130.99 | 2022 | +11.19% | +4.62% | View data |
| 5 | 5 Norway | 130.4 | 2022 | +11.07% | +4.85% | View data |
| 6 | 6 Malta | 126.18 | 2022 | +6.83% | +2.04% | View data |
| 7 | 7 Latvia | 124.58 | 2022 | +11.79% | +4.59% | View data |
| 8 | 8 Sweden | 124.23 | 2022 | +16.2% | +4.26% | View data |
| 9 | 9 Austria | 124.15 | 2022 | +9.62% | +3.71% | View data |
| 10 | 10 Poland | 122.9 | 2022 | +12.86% | +4.11% | View data |
