The European Meat HICP data for 2023 indicates Poland, Hungary, and Bulgaria having the highest indices, suggesting higher meat costs. Year-on-year variations reveal countries like Hungary (8.34%) and Slovakia (7.13%) with notable cost hikes, reflecting inflationary pressures. Central and Eastern European countries exhibit stronger recent price increases, while Western Europe shows moderate trends. Over the past five years, consistent price escalations are observed regionally, pointing to sustained upward pricing trajectories.
Future trends to monitor in the European Meat HICP include potential market corrections owing to fluctuating input costs, regulatory changes in meat production, and shifting consumer preferences towards alternative proteins. Economic stabilization and policy interventions might moderate future price swings in this sector.
Top countries in Meat HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 144.3 | 2022 | +17.7% | +6.59% | View data |
| 2 | 2 Hungary | 143.75 | 2022 | +23.53% | +8.34% | View data |
| 3 | 3 Bulgaria | 142.62 | 2022 | +18.18% | +6.74% | View data |
| 4 | 4 Serbia | 140.8 | 2022 | +20.96% | +6.02% | View data |
| 5 | 5 Slovakia | 138.61 | 2022 | +18.26% | +7.13% | View data |
| 6 | 6 Latvia | 135.45 | 2022 | +16.87% | +5.31% | View data |
| 7 | 7 Lithuania | 135.19 | 2022 | +18.57% | +5.47% | View data |
| 8 | 8 Germany | 134.8 | 2022 | +14.72% | +5.65% | View data |
| 9 | 9 Czech Republic | 134.1 | 2022 | +16.61% | +5.26% | View data |
| 10 | 10 Slovenia | 133.36 | 2022 | +11.74% | +5.37% | View data |
