The European Solid Fuels Harmonised Index of Consumer Prices (HICP) in 2023 saw Lithuania leading with an index of 25.382, closely followed by Poland at 24.89 and Estonia at 21.201. From 2022, significant year-on-year increases were observed especially in Poland (19.37%) and Lithuania (17.72%), showcasing strong inflationary pressures in these markets. Croatia and Italy displayed more moderate upticks, highlighting regional variability. Over the past five years, the compounded annual growth rate (CAGR) of these indices has notably impacted national inflation rates, reflecting diverse energy reliance and economic resilience across countries.
Future trends to watch include the potential stabilization of these indices as European nations further their commitments to renewable energy integration, potentially reducing dependency on solid fuels. However, geopolitical tensions and economic policy changes could cause fluctuations in solid fuel prices and therefore influence HICP levels. Close monitoring of governmental energy policies and technological advancements in energy efficiency will be crucial to assess future trajectories.
Top countries in Solid Fuels HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 253.82 | 2022 | +127.11% | +17.72% | View data |
| 2 | 2 Poland | 248.9 | 2022 | +103.68% | +19.37% | View data |
| 3 | 3 Estonia | 212.01 | 2022 | +73.51% | +17% | View data |
| 4 | 4 Latvia | 205.87 | 2022 | +76.24% | +15.28% | View data |
| 5 | 5 Bulgaria | 199.9 | 2022 | +50.23% | +12.06% | View data |
| 6 | 6 Austria | 185.67 | 2022 | +58.45% | +12.86% | View data |
| 7 | 7 Romania | 181.85 | 2022 | +21.19% | +10.43% | View data |
| 8 | 8 Hungary | 176.79 | 2022 | +25.93% | +9.89% | View data |
| 9 | 9 Luxembourg | 166.68 | 2022 | +33.66% | +8.98% | View data |
| 10 | 10 Denmark | 165.5 | 2022 | +63.86% | +10.96% | View data |
