The Global Housing, Water, Electricity, Gas, and Other Fuels Harmonized Index of Consumer Prices (HICP) showcases a diverse pattern across countries. Estonia, Lithuania, and Norway lead with the highest values above 16, indicating significant inflation pressure in these sectors. In 2023, growth rates revealed Estonia's substantial 12.64% year-on-year increase, reflecting pronounced price acceleration. Conversely, countries like Portugal, France, and Luxembourg showed moderate inflationary trends with growth rates closer to 3.3%. Most countries experienced a year-on-year increase in the range of 4% to 8%, demonstrating widespread but varied inflation over recent years.
Future trends to watch include:
- Continued energy price volatility that could influence HICP variances.
- Impact of sustainable and renewable energy policies on price stabilization.
- Macro-economic factors such as interest rates and housing demands affecting regional disparities.
- Potential economic recovery impacts post-pandemic influencing household utility costs.
Top countries in Housing, Water, Electricity, Gas and Other Fuels HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 182.55 | 2022 | +52.3% | +12.64% | View data |
| 2 | 2 Lithuania | 160.75 | 2022 | +47.83% | +10.02% | View data |
| 3 | 3 Norway | 160.5 | 2022 | +11.38% | +7.16% | View data |
| 4 | 4 Belgium | 156.69 | 2022 | +32.25% | +8.12% | View data |
| 5 | 5 Netherlands | 156.22 | 2022 | +35.28% | +9.17% | View data |
| 6 | 6 Romania | 151.87 | 2022 | +22.52% | +8.72% | View data |
| 7 | 7 Ireland | 149.7 | 2022 | +24.03% | +7.45% | View data |
| 8 | 8 Latvia | 148.42 | 2022 | +35.04% | +8.42% | View data |
| 9 | 9 Poland | 147.4 | 2022 | +22.53% | +7.75% | View data |
| 10 | 10 Italy | 145.2 | 2022 | +35.07% | +7.72% | View data |
