The European Cigarettes Harmonized Index of Consumer Prices (HICP) by country varies significantly, with Hungary leading with a value of 17.41, followed closely by Serbia and Finland. The highest increase in HICP was observed in Hungary, with a year-on-year variation of 12.38% for 2022. Conversely, several countries, including Serbia, Finland, Estonia, Romania, Ireland, Norway, Slovakia, Iceland, and Malta, recorded no change. Countries such as Macedonia, Lithuania, and France saw notable increases, indicating divergent trends across Europe.
Over the last five years, the Compound Annual Growth Rate (CAGR) highlights a mix of stability and growth, underscoring varying inflationary pressures and consumption patterns in the region. Countries with positive year-on-year variations, such as the Czech Republic, Denmark, and Belgium, reflect dynamic pricing and tax policies impacting cigarette prices.
Future trends to watch include the impact of regulatory changes, taxation policies, and public health initiatives on cigarette prices across Europe. The ongoing shift towards vaping and other non-combustible tobacco products might influence traditional cigarette consumption and its pricing structures, leading to potential fluctuations in the HICP by country.
Top countries in Cigarettes HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 174.1 | 2022 | +8.53% | +12.38% | View data |
| 2 | 2 Serbia | 169 | 2022 | +6.09% | View data | |
| 3 | 3 Finland | 165.23 | 2022 | +6.46% | View data | |
| 4 | 4 Macedonia | 160.54 | 2022 | +7.57% | +5.98% | View data |
| 5 | 5 Lithuania | 156.16 | 2022 | +5.7% | +6.2% | View data |
| 6 | 6 Czech Republic | 153.9 | 2022 | +8.38% | +10.42% | View data |
| 7 | 7 Estonia | 153.85 | 2022 | +4.58% | View data | |
| 8 | 8 Montenegro | 151.01 | 2022 | +4.12% | +3.68% | View data |
| 9 | 9 Romania | 150.98 | 2022 | +6.93% | View data | |
| 10 | 10 France | 150.4 | 2022 | -0.1% | +8.26% | View data |
