In 2024, Hungarian pet products exhibit the highest HICP at 15.925 thousand, indicating significant inflationary pressure. Not far behind, Poland and Estonia report 13.68 and 13.348 thousand respectively, reflecting similar trends in Eastern Europe. Countries like Bulgaria, Croatia, and the Czech Republic also have elevated values, showcasing a regional pattern.
Over the last two years, Hungary experienced the largest increase of 13.59%, followed by Poland at 6.86%. Estonia maintained constant values, indicating stable inflation. Similar stability is observed in Cyprus, Malta, and Spain, among others. The average annual variation over the last five years shows minor but notable consistent increases across most nations.
Future trends to watch include how economic policies and consumer behavior changes interact with inflation. The consistent high values in Eastern Europe suggest sustained or growing demand, while relatively minor increases in Western Europe may point to market stabilization. Factors like supply chain dynamics, regulatory changes, and economic recovery post-COVID-19 will be crucial in shaping the HICP for pet products.
Top countries in Pet Products HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 159.25 | 2022 | +32.27% | +13.59% | View data |
| 2 | 2 Poland | 136.8 | 2022 | +14.86% | +6.86% | View data |
| 3 | 3 Estonia | 133.48 | 2022 | +22.14% | View data | |
| 4 | 4 Bulgaria | 130.91 | 2022 | +14.3% | +5.54% | View data |
| 5 | 5 Croatia | 129 | 2022 | +14.48% | View data | |
| 6 | 6 Czech Republic | 126.6 | 2022 | +17.55% | +5.67% | View data |
| 7 | 7 Cyprus | 125.01 | 2022 | +11.76% | View data | |
| 8 | 8 Lithuania | 124.92 | 2022 | +16.67% | +4.42% | View data |
| 9 | 9 Malta | 121.85 | 2022 | +19.29% | View data | |
| 10 | 10 Luxembourg | 120.42 | 2022 | +7.63% | +3.52% | View data |
