The highest HICP for confectionery products in Europe for 2023 was registered in Latvia with a value of 15.065 (2015=100), indicating significant inflation in this sector. Hungary (13.98) and Bulgaria (13.796) follow, reflecting high consumer price indices as well. Notably, only Switzerland showed negative year-on-year variation of -0.25% in 2022, while most countries had modest growths, such as Hungary (8.09%) and Macedonia (6.21%). Countries like Estonia, Kosovo, Malta, and several others reported no variation compared to the previous year.
Future trends to observe include the impact of potential economic recovery, consumer behavior shifts towards healthier options, and regulatory changes affecting confectionery prices. Monitoring the inflationary pressures on raw material prices and energy costs will be crucial, as these could alter the HICP indexes across different European countries.
Top countries in Confectionery Products HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 150.65 | 2022 | View data | ||
| 2 | 2 Hungary | 139.8 | 2022 | +19.34% | +8.09% | View data |
| 3 | 3 Bulgaria | 137.96 | 2022 | +17.17% | +6.19% | View data |
| 4 | 4 Estonia | 137.92 | 2022 | +14.15% | View data | |
| 5 | 5 Kosovo | 137.89 | 2022 | +16.68% | View data | |
| 6 | 6 Czech Republic | 130.7 | 2022 | +9.56% | +4.24% | View data |
| 7 | 7 Lithuania | 127.64 | 2022 | +17.68% | +4.53% | View data |
| 8 | 8 Serbia | 127.6 | 2022 | +9.34% | View data | |
| 9 | 9 Montenegro | 126.67 | 2022 | +14.45% | +5.88% | View data |
| 10 | 10 Malta | 124.01 | 2022 | +8.5% | View data |
