The Global Housing, Water, Electricity, Gas, and Other Fuels HICP indicates significant year-on-year variation, with Norway observing the highest increase at 14.41, largely driven by a sharp 5.82% rise in 2021. European nations face substantial inflationary pressures, notably Ireland at 12.07 and Belgium at 11.848. In contrast, Greece experiences the slowest growth at 9.945, hinting at relatively stable pricing dynamics. Over the last five years, the compound annual growth rates reflect increased costs, with energy-driven economies like Norway showcasing rapid changes compared to Southern Europe. In 2023, these shifts highlight considerable inflationary pressure, especially in Northern and Western Europe.
Future trends to monitor include the impact of global energy transitions on fuel prices and housing inflation. Nations with ambitious climate policies may see energy costs stabilize as green tech becomes mainstream. However, geopolitical tensions could disrupt supply chains, exacerbating energy and housing costs. Weather-related challenges might further strain water resources, influencing HICP dynamics worldwide.
Top countries in Housing, Water, Electricity, Gas and Other Fuels HICP by Country
| # | 10 Countries | Indexes 2010 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 144.1 | 2021 | +24.33% | +5.82% | View data |
| 2 | 2 Ireland | 120.7 | 2021 | +6.44% | +3.53% | View data |
| 3 | 3 Belgium | 118.48 | 2021 | +11.06% | +3.15% | View data |
| 4 | 4 United States | 118.08 | 2021 | +3.94% | +3% | View data |
| 5 | 5 Sweden | 116.93 | 2021 | +6.59% | +2.86% | View data |
| 6 | 6 Netherlands | 115.48 | 2021 | +6.44% | +3.07% | View data |
| 7 | 7 Austria | 113.74 | 2021 | +3.22% | +2.41% | View data |
| 8 | 8 Finland | 112.53 | 2021 | +2.03% | +2.03% | View data |
| 9 | 9 Czech Republic | 111.5 | 2021 | -0.18% | +2.16% | View data |
| 10 | 10 Latvia | 109.91 | 2021 | +4.53% | +2.51% | View data |
