In 2024, the European Shoes Harmonized Index of Consumer Prices (HICP) highlights varied inflation trends across countries. The Czech Republic, with a substantial 14.35%, experienced the highest increase, driven likely by strong domestic demand and inflationary pressures. Other notable mentions include Romania and Estonia, showing high levels of inflation at 12.477% and 11.149% respectively. Conversely, countries like Ireland and Portugal marked lower inflation rates, indicating diverse economic conditions impacting consumer prices for footwear.
Year-on-year variations indicate the Czech Republic leading with an 8.07% increase, while Switzerland experienced a noticeable decline of 1.34%. The Netherlands and Portugal also saw reductions, pointing to stabilizing or deflationary trends in their footwear markets.
Looking forward, market observers should watch for continued economic fluctuations, potential impacts of policy changes, and evolving consumer preferences across Europe. Sustainability and technological advances in the footwear industry might also influence future pricing and market trends.
Top countries in Shoes HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Czech Republic | 143.5 | 2022 | +15.26% | +8.07% | View data |
| 2 | 2 Romania | 124.77 | 2022 | +6.22% | View data | |
| 3 | 3 Estonia | 111.49 | 2022 | +1.55% | View data | |
| 4 | 4 Montenegro | 109.73 | 2022 | +0.65% | -0.079% | View data |
| 5 | 5 Denmark | 109.4 | 2022 | +2.15% | +0.6% | View data |
| 6 | 6 Hungary | 108.31 | 2022 | +4.85% | +1.55% | View data |
| 7 | 7 Austria | 108.23 | 2022 | +2.96% | +1.17% | View data |
| 8 | 8 Slovenia | 107.65 | 2022 | +1.11% | +0.16% | View data |
| 9 | 9 Belgium | 107.4 | 2022 | +5.22% | +1.02% | View data |
| 10 | 10 Germany | 107.4 | 2022 | +2.87% | +0.98% | View data |
