Monthly HICP for energy in the EU 2019-2023
The harmonized index of consumer prices (HICP) for energy in the European Union climbed to 168.9 index points in October 2022. This was followed by a decrease to 154.1 index points in April 2023. 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.
