The European Major Household Appliances Harmonized Index of Consumer Prices (HICP) reveals diverse trends across countries. In 2024, Estonia and Hungary lead with increases over 12%, while Switzerland exhibits a unique deflationary trend with a -0.5% change. Eastern European countries generally show higher inflationary pressures compared to Western European nations with values hovering between 4% to 7%. The variation is substantial, with countries like Norway (2.2%) and Belgium (1.9%) indicating modest changes compared to the average.
Future trends to watch include:
- Potential stabilization of inflation rates in Central and Eastern European countries.
- The impact of economic policies on household appliance prices in Western Europe.
- Technological advancements potentially driving cost efficiencies and affecting price levels across Europe.
- Geopolitical influences and their effects on supply chains and consumer prices.
Top countries in Major Household Appliances HICP by Country
| # | 10 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Estonia | 12.5 | 2022 | View data |
| 2 | 2 Hungary | 12 | 2022 | View data |
| 3 | 3 Serbia | 10.8 | 2022 | View data |
| 4 | 4 Bulgaria | 9 | 2022 | View data |
| 5 | 5 Ireland | 8.8 | 2022 | View data |
| 6 | 6 Croatia | 8.7 | 2022 | View data |
| 7 | 7 Netherlands | 8.5 | 2022 | View data |
| 8 | 8 Latvia | 8.3 | 2022 | View data |
| 9 | 9 Macedonia | 8.1 | 2022 | View data |
| 10 | 10 Austria | 7.6 | 2022 | View data |
