In 2023, Colombia experienced the highest increase in Global Services Less Housing CPI among the countries analyzed, with a YoY growth of 4.76%. The Czech Republic followed closely with a 6.86% rise, while Mexico saw a 4.79% increase. The UK and US experienced moderate growth at 4.03% and 3.39%, respectively. Smaller increases were noted in the Netherlands (3.61%), Denmark (2.79%), Canada (2.47%), Israel (2.15%), and Switzerland (0.4%). Over the past five years, the CAGR across these countries reveals ongoing global inflationary pressures.
Future trends to watch include potential inflationary impacts from geopolitical tensions, shifting global supply chains, and changes in fiscal policies. Continued economic recovery from challenges posed by the pandemic may further influence CPI movements in services less housing categories worldwide.
Top countries in Services Less Housing CPI by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Colombia | 149.16 | 2023 | +9.95% | +4.76% | View data |
| 2 | 2 Czech Republic | 149.08 | 2023 | +11.54% | +6.86% | View data |
| 3 | 3 Mexico | 141.68 | 2023 | +6.26% | +4.79% | View data |
| 4 | 4 United Kingdom | 132.6 | 2023 | +6.84% | +4.03% | View data |
| 5 | 5 United States | 125.8 | 2023 | +3.68% | +3.39% | View data |
| 6 | 6 Netherlands | 122.43 | 2023 | +7.06% | +3.61% | View data |
| 7 | 7 Denmark | 121.53 | 2023 | +6.17% | +2.79% | View data |
| 8 | 8 Canada | 121.37 | 2023 | +3.53% | +2.47% | View data |
| 9 | 9 Israel | 111.6 | 2023 | +5.26% | +2.15% | View data |
| 10 | 10 Switzerland | 102.89 | 2023 | +1.61% | +0.4% | View data |
