The European Beer HICP analysis for 2023 reveals significant inflation within the sector, with the highest increases observed in Lithuania, Estonia, and Hungary, where values exceed 13%. Other Eastern European nations like Latvia and Czech Republic also report notable inflation. In contrast, Cyprus sees a decrease. Year-on-year variations highlight Hungary's and Lithuania's striking consumer price increases of 5.89% and 4.22% respectively, reinforcing a regional trend of rising prices. The five-year CAGR underscores an upward trajectory influenced by economic recovery and input cost volatility.
Future trends to watch include potential stabilization of prices across countries with lower recent inflation, possibly driven by fluctuations in commodity prices and economic policies addressing inflationary pressure. Increased focus on sustainability and regulatory changes could also impact production costs and consumer prices in certain countries.
Top countries in Beer HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Lithuania | 157.72 | 2022 | +13.35% | +4.22% | View data |
| 2 | 2 Estonia | 145.87 | 2022 | +8.61% | +3.7% | View data |
| 3 | 3 Hungary | 132.92 | 2022 | +14.12% | +5.89% | View data |
| 4 | 4 Latvia | 125.78 | 2022 | +6.43% | +4.2% | View data |
| 5 | 5 Czech Republic | 124.4 | 2022 | +4.8% | +4.03% | View data |
| 6 | 6 Greece | 121.82 | 2022 | +5.06% | +1.29% | View data |
| 7 | 7 Austria | 120.52 | 2022 | +6.12% | +2.95% | View data |
| 8 | 8 Kosovo | 120.25 | 2022 | +3.92% | View data | |
| 9 | 9 Poland | 120.1 | 2022 | +8.88% | +3.88% | View data |
| 10 | 10 Belgium | 119.03 | 2022 | +7.25% | +2.5% | View data |
