The 2024 forecast for the European Coffee, Tea, and Cocoa Harmonized Index of Consumer Prices (HICP) by country shows significant variability. Finland, Sweden, and Lithuania exhibit the highest changes from previous periods, likely influenced by factors such as exchange rates, changes in supply chains, and consumer demand. Meanwhile, countries like Italy, Switzerland, and Ireland have seen minimal increases, indicating more stable pricing or successful inflation control.
Future trends to consider include:
- Impact of geopolitical tensions on supply chains affecting prices.
- Potential shifts in consumer preferences towards sustainable and premium products.
- Fluctuations in raw material costs due to climate change impacts on agriculture.
Top countries in Coffee, Tea and Cocoa HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Finland | 32.8 | 2022 | View data |
| 2 | 2 Sweden | 30.4 | 2022 | View data |
| 3 | 3 Lithuania | 27 | 2022 | View data |
| 4 | 4 Hungary | 23.9 | 2022 | View data |
| 5 | 5 Estonia | 23.2 | 2022 | View data |
| 6 | 6 Serbia | 22.4 | 2022 | View data |
| 7 | 7 Latvia | 21.9 | 2022 | View data |
| 8 | 8 Croatia | 16.8 | 2022 | View data |
| 9 | 9 Norway | 16.6 | 2022 | View data |
| 10 | 10 Montenegro | 16.3 | 2022 | View data |
