Based on the provided data, Hungary shows the highest European Olive Oil Harmonized Index of Consumer Prices (HICP) value for 2024, while Ireland records the lowest. Over the last two years, significant year-on-year variations include a 9.88% increase in Hungary and a 6.94% rise in Latvia, whereas several countries such as Serbia and Norway saw no change. Notably, countries such as Denmark experienced a slight decline in the HICP for olive oil. The compounded annual growth rate (CAGR) should indicate similar trends over the last five years, underscoring varied consumer price inflation rates for olive oil across Europe.
Future trends to watch for include potential impacts of climate change on olive production in key olive oil-producing regions, trade policy changes within the EU, and evolving consumer preferences toward organic or sustainably-produced olive oils. Monitoring these factors will be crucial for predicting future HICP movements in the European olive oil market.
Top countries in Olive Oil HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 157.58 | 2022 | +22.18% | +9.88% | View data |
| 2 | 2 Latvia | 146.09 | 2022 | +16.18% | +6.94% | View data |
| 3 | 3 Serbia | 138.7 | 2022 | +10.96% | View data | |
| 4 | 4 Netherlands | 135.36 | 2022 | +18.81% | +4.17% | View data |
| 5 | 5 Norway | 133.4 | 2022 | +15% | View data | |
| 6 | 6 Belgium | 132.57 | 2022 | +15.68% | +3.64% | View data |
| 7 | 7 Romania | 128.32 | 2022 | +14.64% | View data | |
| 8 | 8 Kosovo | 128.3 | 2022 | +24.51% | View data | |
| 9 | 9 Germany | 127.9 | 2022 | +13.19% | +3.64% | View data |
| 10 | 10 Spain | 126.72 | 2022 | +26.14% | View data |
