The Global Food and Soft Drinks Harmonized Index of Consumer Prices (HICP) showcases notable variations across countries. In 2024, Hungary emerges as the leading nation with the highest HICP value, followed by Poland, Estonia, and Lithuania, indicating significant price pressures in these economies. The data, based on thousands with 2010 as a base year (100), shows a continual rise since 2023. Year-on-year data from 2021 highlights substantial increases in Hungary and Poland, suggesting elevated price growth, while Ireland shows a decrease, marking divergence in inflationary trends.
Trends to watch for future assessments include:
- Possible stabilization or decline in HICP values if geopolitical tensions ease, or demand stabilizes.
- Monitoring of economic policies and their impacts on inflation in countries like Hungary and Poland.
- The influence of global supply chain dynamics and climate change on food prices.
Top countries in Food and Soft Drinks HICP by Country
| # | 10 Countries | Indexes 2010 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 124.67 | 2021 | +3.38% | +4.45% | View data |
| 2 | 2 Poland | 120.9 | 2021 | +2.98% | +3.66% | View data |
| 3 | 3 Estonia | 116.58 | 2021 | +1.62% | +3.07% | View data |
| 4 | 4 Lithuania | 116.12 | 2021 | +3.15% | +2.77% | View data |
| 5 | 5 Czech Republic | 114.4 | 2021 | +0.88% | +2.89% | View data |
| 6 | 6 Slovakia | 114.05 | 2021 | +1.82% | +3.24% | View data |
| 7 | 7 Iceland | 113.88 | 2021 | +3.44% | +2.36% | View data |
| 8 | 8 Luxembourg | 111.9 | 2021 | +1.01% | +1.98% | View data |
| 9 | 9 Sweden | 111.85 | 2021 | +0.52% | +2.04% | View data |
| 10 | 10 Netherlands | 110.45 | 2021 | -0.2% | +1.82% | View data |
