The 2023 forecasted change in the Plants and Flowers HICP (Harmonized Index of Consumer Prices) across Europe reveals significant regional disparities. The Czech Republic leads with a projected 22.4% increase, followed by Hungary at 19.3%. The average CAGR (Compound Annual Growth Rate) over the past 5 years indicates varying rates of inflation, with the highest growth in Eastern European countries and relatively modest increases in Western and Northern Europe. Ireland is the only country forecasting a negative change at -2.2%.
Future trends to watch include potential inflationary pressures due to supply chain disruptions and environmental challenges affecting plant and flower prices. Eastern European countries may continue to see higher HICP growth rates, while Western Europe might experience stable prices due to robust supply chains and more controlled inflation.
Top countries in Plants and Flowers HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Czech Republic | 22.4 | 2022 | View data |
| 2 | 2 Hungary | 19.3 | 2022 | View data |
| 3 | 3 Serbia | 16.2 | 2022 | View data |
| 4 | 4 Estonia | 16.1 | 2022 | View data |
| 5 | 5 Slovakia | 13.4 | 2022 | View data |
| 6 | 6 Croatia | 13.3 | 2022 | View data |
| 7 | 7 Bulgaria | 12.7 | 2022 | View data |
| 8 | 8 Poland | 12.3 | 2022 | View data |
| 9 | 9 Romania | 12.3 | 2022 | View data |
| 10 | 10 Cyprus | 12.2 | 2022 | View data |
