The harmonized index of consumer prices (HICP) for energy in the European Union climbed to over 170 index points in October 2022. This was followed by a decrease in 2023 and 2024. Over the past four years, there has been a notable fluctuation in energy prices. When the coronavirus pandemic curbed mobility in various countries, fuel demand declined rapidly, bringing about an overall decrease in the HICP for energy in mid-2020. In late 2021 and early 2022, rising fuel demand and the sanctioning of Russian fossil fuel imports brought about a rise in energy prices. This has also been reflected in the global weighted price index of energy.
Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024
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ECB. (July 2, 2024). Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/
ECB. "Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024." Chart. July 2, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/
ECB. (2024). Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/
ECB. "Harmonized Index of Consumer Prices (Hicp) for Energy in The European Union (Eu-19) from January 2019 to June 2024." Statista, Statista Inc., 2 Jul 2024, https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/
ECB, Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024 Statista, https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/ (last visited July 22, 2024)
Harmonized Index of Consumer Prices (HICP) for energy in the European Union (EU-19) from January 2019 to June 2024 [Graph], ECB, July 2, 2024. [Online]. Available: https://www.statista.com/statistics/1322583/monthly-hicp-for-energy-in-the-eu/