The European Clothing HICP data reveals notable disparities across countries. In 2024, Czech Republic experienced the highest change at 19.7%, while Spain and Norway saw decreases of -0.3% and -0.1% respectively. Year-on-year variations indicate significant inflationary pressures in Eastern Europe, contrasted by stability or deflation in Western Europe. The past five years have shown a trend towards moderated increases in many regions, with exceptions of high volatility in specific Eastern nations.
Future trends to watch include:
- Potential stabilization in Eastern Europe as economies adjust post-COVID-19.
- The impact of sustainability and digitization in fashion industry influencing prices.
- Exchange rate fluctuations affecting countries with historically high inflation rates.
Top countries in Clothing HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Czech Republic | 19.7 | 2022 | View data |
| 2 | 2 Estonia | 8.2 | 2022 | View data |
| 3 | 3 Croatia | 8 | 2022 | View data |
| 4 | 4 Bulgaria | 7.1 | 2022 | View data |
| 5 | 5 Montenegro | 6.5 | 2022 | View data |
| 6 | 6 Serbia | 5.8 | 2022 | View data |
| 7 | 7 Hungary | 5.7 | 2022 | View data |
| 8 | 8 Greece | 5.6 | 2022 | View data |
| 9 | 9 Romania | 5.5 | 2022 | View data |
| 10 | 10 Netherlands | 5.1 | 2022 | View data |
