In 2023, the European Clothing Harmonized Index of Consumer Prices (HICP) demonstrated varying growth rates, with Czech Republic, Romania, and Estonia recording the highest values among surveyed countries. The general trend over the past year indicates significant positive growth in most countries, such as a notable 4.78% increase in Czech Republic and 3.11% in Romania. Conversely, negative variations were seen in countries like Switzerland and Norway.
Future trends to watch include:
- Potential stabilization around current levels in Eastern European countries like Czech Republic and Romania.
- A focus on southern European countries as some are exhibiting minimal growth or contraction in HICP values.
- Changes in consumer demand as economic and political factors evolve throughout 2024 and beyond.
Top countries in Clothing HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 126.3 | 2022 | +19.72% | +4.78% | View data |
| 2 | 2 Romania | 120.16 | 2022 | +5.52% | +3.11% | View data |
| 3 | 3 Estonia | 115.23 | 2022 | +8.24% | +1.8% | View data |
| 4 | 4 Switzerland | 112.46 | 2022 | +1.46% | -0.54% | View data |
| 5 | 5 Sweden | 111.68 | 2022 | +4.86% | +1.49% | View data |
| 6 | 6 Netherlands | 109.35 | 2022 | +5.06% | +1.91% | View data |
| 7 | 7 Slovakia | 109.21 | 2022 | +4.42% | +1.71% | View data |
| 8 | 8 Hungary | 108.72 | 2022 | +5.73% | +1.48% | View data |
| 9 | 9 Luxembourg | 108.48 | 2022 | +2.6% | +1.2% | View data |
| 10 | 10 Croatia | 108.12 | 2022 | +7.97% | +1.33% | View data |
