In 2023, European Butter HICP index varies notably across countries, with Latvia registering the highest index at 20.617, closely followed by Germany and Lithuania. Eastern European countries like Hungary and Poland show significant indices, indicative of high consumer pricing pressures. Conversely, Western European nations such as Switzerland and Malta feature lower indices. Year-on-year, significant increases were noted in Hungary and the Czech Republic, reflecting pronounced inflationary trends, while Slovakia and several other regions showed stability. Over five years, variations suggest diverse inflation impacts influenced by regional economic policies, production costs, and consumption levels.
Future trends to watch include economic recovery post-pandemic, impacting production and supply chain dynamics. The transitioning towards sustainable agricultural practices could influence butter pricing and production costs. Moreover, expected fluctuations in dairy consumption patterns could drive innovations affecting the HICP in the butter sector across various countries.
Top countries in Butter HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 206.17 | 2022 | +29.82% | +7.94% | View data |
| 2 | 2 Germany | 205.7 | 2022 | +39.08% | +10.85% | View data |
| 3 | 3 Lithuania | 202.15 | 2022 | +32.69% | +10.34% | View data |
| 4 | 4 Netherlands | 197.76 | 2022 | +25.02% | +8.48% | View data |
| 5 | 5 Hungary | 179.64 | 2022 | +44.52% | +13.89% | View data |
| 6 | 6 Poland | 176.5 | 2022 | +27.53% | +8.08% | View data |
| 7 | 7 Macedonia | 175.15 | 2022 | +24.2% | +8.75% | View data |
| 8 | 8 Czech Republic | 175.1 | 2022 | +42.01% | +12.68% | View data |
| 9 | 9 Bulgaria | 172.62 | 2022 | +38.72% | +7.47% | View data |
| 10 | 10 Sweden | 169.51 | 2022 | +17.29% | +4.74% | View data |
