In 2024, the European Tobacco Harmonized Index of Consumer Prices (HICP) reflects significant country-level variations. Hungary leads with a HICP value of 19.032, followed closely by Serbia at 16.9, and Finland at 16.677. Countries with moderate HICP values include Germany at 13.2 and Croatia at 12.893. The lower end features Cyprus at 10.251, Spain at 10.746, and Switzerland at 10.586.
Analyzing year-on-year variations from 2022 to 2023, Hungary shows the highest increase at 11.26%, with notable rises in Serbia (7.11%) and Finland (8.03%). France experienced an 8.67% increase, while Denmark's HICP rose by 8.21%. In contrast, Norway (2.11%), Poland (2.58%), and Luxembourg (2.06%) saw more modest changes. Some countries, including Kosovo, Albania, and Malta, reported zero change.
Key future trends to watch include:
- Continued high HICP values in Eastern European countries like Hungary and Serbia.
- Potential stabilization in countries with moderate increases, such as Germany and Croatia.
- Monitoring of economic policies and regulatory changes that could affect tobacco prices across Europe.
Top countries in Tobacco HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 190.32 | 2022 | +8.59% | +11.26% | View data |
| 2 | 2 Serbia | 169 | 2022 | +6.09% | +7.11% | View data |
| 3 | 3 Finland | 166.77 | 2022 | +7.08% | +8.03% | View data |
| 4 | 4 Macedonia | 160.54 | 2022 | +7.57% | +6.61% | View data |
| 5 | 5 Lithuania | 155.82 | 2022 | +5.65% | +6.16% | View data |
| 6 | 6 France | 155.78 | 2022 | +0.058% | +8.67% | View data |
| 7 | 7 Estonia | 153.85 | 2022 | +4.58% | +5.9% | View data |
| 8 | 8 Czech Republic | 153.6 | 2022 | +8.17% | +7.18% | View data |
| 9 | 9 Romania | 150.69 | 2022 | +6.72% | +7.03% | View data |
| 10 | 10 Ireland | 149.8 | 2022 | +6.24% | +5.69% | View data |
