The European Spirits Harmonized Index of Consumer Prices (HICP) reveals significant country variance. Hungary leads with the highest HICP of 13.687, followed closely by Montenegro and Serbia. Countries like Belgium and the Czech Republic show moderate values, while Cyprus has the lowest at 9.284. The year-on-year variations indicate substantial increases in certain countries: Hungary (5.36%), Serbia (4.94%), and Bulgaria (4.04%). In contrast, Estonia and Cyprus experienced a slight decline. The Compound Annual Growth Rate (CAGR) highlights stable yet varied growth rates across the region over the past five years.
Future trends to watch include the potential impact of economic recovery post-pandemic, changes in consumer spending, and regulatory shifts affecting the spirits market. Monitoring inflation rates, commodity prices, and market sentiment will be crucial for predicting HICP movements. Countries with significant year-on-year increases may continue to see upward trends, while nations with stable or decreasing rates might maintain more moderate HICP levels.
Top countries in Spirits HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 136.87 | 2022 | +9.68% | +5.36% | View data |
| 2 | 2 Montenegro | 134.14 | 2022 | +6.65% | +3.95% | View data |
| 3 | 3 Serbia | 134 | 2022 | +11.76% | +4.94% | View data |
| 4 | 4 Lithuania | 127.63 | 2022 | +9.75% | +3.35% | View data |
| 5 | 5 Czech Republic | 124.7 | 2022 | +1.63% | +3.44% | View data |
| 6 | 6 Belgium | 122.73 | 2022 | +2.33% | +0.96% | View data |
| 7 | 7 Bulgaria | 121.59 | 2022 | +9.74% | +4.04% | View data |
| 8 | 8 Poland | 118.9 | 2022 | +9.79% | +3.61% | View data |
| 9 | 9 Iceland | 118.25 | 2022 | +1.94% | +2.89% | View data |
| 10 | 10 Croatia | 116.74 | 2022 | +4.61% | +3.06% | View data |
