The European Coffee, Tea, and Cocoa HICP indicates significant discrepancies in inflation rates across various countries. Kosovo and Finland exhibit the highest levels, with Kosovo maintaining its position from 2023 and Finland showing notable growth at 7.55%. Sweden follows with a 6.76% increase, marking a substantial year-on-year variation. Montenegro, with its 6.5% uptick, and Serbia, at 5.04%, also demonstrate steep inclines. Conversely, Ireland's HICP decreased by 1.21%, contrasting with the general upward trajectory across Europe. Over the last five years, the average annual growth stands moderate, reflecting varying economic conditions across the region.
Looking to the future, stakeholders should monitor external factors such as global commodity prices, potential trade disruptions, and changing consumer preferences, which could all influence the HICP for coffee, tea, and cocoa across Europe. Additionally, variations in local agricultural policies and shifts towards sustainable practices may play pivotal roles in shaping the sector's inflationary landscape.
Top countries in Coffee, Tea and Cocoa HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kosovo | 148.43 | 2022 | +14.16% | View data | |
| 2 | 2 Finland | 148.36 | 2022 | +32.83% | +7.55% | View data |
| 3 | 3 Sweden | 144.35 | 2022 | +30.35% | +6.76% | View data |
| 4 | 4 Serbia | 138.5 | 2022 | +22.35% | +5.04% | View data |
| 5 | 5 Hungary | 131.85 | 2022 | +23.88% | +4.49% | View data |
| 6 | 6 Estonia | 129.84 | 2022 | +23.2% | +4.54% | View data |
| 7 | 7 Montenegro | 129 | 2022 | +16.27% | +6.5% | View data |
| 8 | 8 Macedonia | 127.18 | 2022 | +15.4% | +3.13% | View data |
| 9 | 9 Bulgaria | 126.72 | 2022 | +16.05% | +3.04% | View data |
| 10 | 10 Lithuania | 126.59 | 2022 | +27.02% | +4.3% | View data |
