The European Cigars Harmonized Index of Consumer Prices (HICP) shows notable variations across countries as of 2024. Denmark leads with an increase of 8.6%, closely followed by Spain and Finland. Meanwhile, countries like Portugal, Netherlands, and Italy exhibit much lower increases, indicating diverse inflationary pressures. The year-on-year analysis reveals significant variations, though recent annual growth rates suggest a more tempered inflation trend over a five-year period. The two-year variation highlights Denmark’s peak inflation in the cigar sector, while Germany and France showcase stabilizing trends.
Future trends to monitor include potential impacts of regulatory changes and shifting consumer preferences towards alternative smoking products. Additionally, economic climates and tax policies could further influence these countries’ HICP trends for cigars.
Top countries in Cigars HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 8.6 | 2022 | View data |
| 2 | 2 Spain | 7.8 | 2022 | View data |
| 3 | 3 Finland | 7.6 | 2022 | View data |
| 4 | 4 Lithuania | 7.2 | 2022 | View data |
| 5 | 5 Norway | 6.4 | 2021 | View data |
| 6 | 6 Ireland | 5.9 | 2022 | View data |
| 7 | 7 Poland | 5.3 | 2022 | View data |
| 8 | 8 Greece | 3.4 | 2022 | View data |
| 9 | 9 Iceland | 3 | 2022 | View data |
| 10 | 10 Luxembourg | 2.7 | 2022 | View data |
