The European Plumbing Services Harmonised Index of Consumer Prices (HICP) for 2024 highlights significant disparities across countries. Lithuania, Hungary, and the Czech Republic exhibit the highest index values, indicating substantial price increases compared to the 2015 base year. Notably, Lithuania leads with a value of 20.541, followed by Hungary and the Czech Republic. In contrast, Greece and Switzerland have some of the lowest index values, reflecting more controlled price growth.
Year-on-year variations show that Hungary experienced the most significant increase in 2022, with a 15.36% rise, while Slovakia, Serbia, Romania, Malta, Croatia, Ireland, and Kosovo saw no changes. The Compound Annual Growth Rate (CAGR) over the past five years also indicates varying trends, with certain countries like Lithuania and Hungary showing rapid price escalations, while others like Switzerland and Greece exhibited more modest growth.
Looking ahead, future trends to watch include the impact of economic policies, labor market conditions, and material costs on the European Plumbing Services HICP. Close attention should be given to countries with high volatility in price changes, as these regions might experience more pronounced economic fluctuations affecting the plumbing services sector.
Top countries in Plumbing Services HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 205.41 | 2022 | +29.22% | +12.18% | View data |
| 2 | 2 Hungary | 192.66 | 2022 | +22.16% | +15.36% | View data |
| 3 | 3 Czech Republic | 175.6 | 2022 | +19.86% | +11.26% | View data |
| 4 | 4 Poland | 157.2 | 2022 | +17.4% | +11.14% | View data |
| 5 | 5 Slovakia | 150.91 | 2022 | +17.56% | View data | |
| 6 | 6 Germany | 148.4 | 2022 | +16.21% | +8.31% | View data |
| 7 | 7 Bulgaria | 145.18 | 2022 | +21.91% | +7.11% | View data |
| 8 | 8 Luxembourg | 127.55 | 2022 | +9.16% | +4.38% | View data |
| 9 | 9 Portugal | 127.38 | 2022 | +8.25% | +4.54% | View data |
| 10 | 10 Austria | 125.96 | 2022 | +5.8% | +3.61% | View data |
