The European Tea Harmonized Index of Consumer Prices (HICP) indicates significant disparities across countries. Serbia and Hungary exhibit the most notable increases, exceeding 20% from the prior period. Conversely, Western European nations such as Ireland and Iceland show minimal changes, with less than 2%. Most Eastern European countries, including Lithuania and Macedonia, also reflect substantial growth, while Central European nations such as Germany maintain moderate variations around 3.6%.
Future trends to monitor include:
- Potential stabilization in Eastern European countries following sharp increases.
- Western European markets remain stable, reflecting mature consumption patterns.
- Influence of global tea supply chain disruptions and sustainable practices on HICP.
- Policy changes related to tariffs and trade agreements impacting European tea prices.
Top countries in Tea HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Serbia | 21 | 2022 | View data |
| 2 | 2 Hungary | 20.8 | 2022 | View data |
| 3 | 3 Lithuania | 15 | 2022 | View data |
| 4 | 4 Macedonia | 14.3 | 2022 | View data |
| 5 | 5 Bulgaria | 13.7 | 2022 | View data |
| 6 | 6 Estonia | 13.3 | 2022 | View data |
| 7 | 7 Spain | 9.9 | 2022 | View data |
| 8 | 8 Latvia | 9 | 2022 | View data |
| 9 | 9 Slovakia | 9 | 2022 | View data |
| 10 | 10 Austria | 8.9 | 2022 | View data |
