The European Maintenance and Repair of Personal Transport Equipment Harmonized Index of Consumer Prices (HICP) reveals significant variation among countries. In 2023, Lithuania led with a value of 17.127 (in thousands, relative to 2015), followed by the Czech Republic and Hungary showing values of 15.96 and 15.951, respectively. Germany and Italy recorded moderate values, around the lower spectrum with Greece registering 9.867. Year-on-year growth rates between 2022 and 2023 highlight robust increases for Lithuania (8.92%) and the Czech Republic (8.24%), while Greece experienced a decline of 0.071%.
Future trends may be shaped by economic policies, supply chain disruptions, and technological advancements in vehicle repair and maintenance services. Countries with higher inflation rates may continue to experience rising HICP values, while those investing in technological innovation could see more stabilized trends.
- The 2024 forecasts suggest that countries experiencing rapid increases in the past might face cost pressures due to continued strong demand or currency fluctuations.
- Technological innovations, such as electric vehicles requiring different maintenance profiles, could influence future variations.
- Economic policies across Europe, particularly those aimed at controlling inflation or boosting technological advancements in transportation, may also impact these indices.
Top countries in Maintenance and Repair of Personal Transport Equipment HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 171.27 | 2022 | +18.95% | +8.92% | View data |
| 2 | 2 Czech Republic | 159.6 | 2022 | +15.82% | +8.24% | View data |
| 3 | 3 Hungary | 159.51 | 2022 | +16.95% | +8.47% | View data |
| 4 | 4 Poland | 147.3 | 2022 | +15.44% | +7.4% | View data |
| 5 | 5 Estonia | 145.84 | 2022 | +11.73% | +6.35% | View data |
| 6 | 6 Slovakia | 139.28 | 2022 | +10.77% | +5.85% | View data |
| 7 | 7 Bulgaria | 138 | 2022 | +19.2% | +6.26% | View data |
| 8 | 8 Iceland | 136.69 | 2022 | +3.62% | +4.23% | View data |
| 9 | 9 Germany | 130.4 | 2022 | +6.45% | +4.29% | View data |
| 10 | 10 Romania | 129.74 | 2022 | +9.17% | +4.65% | View data |
