The European Meat Harmonized Index of Consumer Prices (HICP) demonstrates significant variance across countries. In 2024, Hungary saw the highest percentage change at 23.5%, reflecting elevated meat inflation rates. Other Eastern European countries like Serbia, Lithuania, and Slovakia also reported substantial increases, indicative of regional supply chain constraints and economic pressures. Western European nations, including France, Italy, and Belgium, experienced relatively modest rises, below 10%, while Switzerland remains notably low at 0.9%, suggesting stable meat prices despite broader European inflation trends.
Future trends to watch include:
- Potential easing of inflation in Eastern Europe due to updated agricultural policies.
- Impact of sustainability initiatives on meat production costs in Western Europe.
- Global trade relations affecting meat import/export dynamics within Europe.
Top countries in Meat HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hungary | 23.5 | 2022 | View data |
| 2 | 2 Serbia | 21 | 2022 | View data |
| 3 | 3 Lithuania | 18.6 | 2022 | View data |
| 4 | 4 Slovakia | 18.3 | 2022 | View data |
| 5 | 5 Bulgaria | 18.2 | 2022 | View data |
| 6 | 6 Estonia | 18.1 | 2022 | View data |
| 7 | 7 Macedonia | 17.9 | 2022 | View data |
| 8 | 8 Poland | 17.7 | 2022 | View data |
| 9 | 9 Kosovo | 17.4 | 2022 | View data |
| 10 | 10 Latvia | 16.9 | 2022 | View data |
