Price levels varied by almost one to three across the EU Member States

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The FINANCIAL — In 2014, price levels for consumer goods and services differed widely in the European Union (EU): Poland was cheapest both for food and consumer electronics, while alcohol & tobacco as well as restaurants & hotels were the least expensive in Bulgaria. Prices for clothing were lowest in Hungary, while the Czech Republic was least expensive for both consumer electronics and personal transport equipment such as cars. Overall, price levels ranged from 48% of the EU average in Bulgaria to 138% in Denmark.

These data on consumer price levels in 2014 come from an article published by Eurostat, the statistical office of the European Union.

Food price levels highest in Denmark, lowest in Poland

Price levels for food & non-alcoholic beverages in 2014 ranged from 61% of the EU average in Poland to 139% of the average in Denmark. Differences in price levels between Member States were less pronounced for this product group than for the total of goods and services. Price levels for alcoholic beverages & tobacco varied by one to three, the lowest prices being registered in Bulgaria (58% of the average) and Hungary (65%), and the highest in Ireland (170%) and the United Kingdom (165%). It should be noted that this large price variation is mainly due to differences in taxation of these products among Member States.

Clothes most expensive in Sweden, cheapest in Hungary

Clothing is one of the groups of products showing a smaller price variation among Member States, with Hungary (70% of the average) cheapest and Sweden (121%) most expensive. Consumer electronics is another group of products where prices differed less among Member States, ranging from 85% of the average in both the Czech Republic and Poland to 116% in Malta.

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With the noticeable exception of Denmark (151% of the average), price differences among Member States were also limited for personal transport equipment, from 75% in the Czech Republic to 114% in Portugal and 117% in the Netherlands. In contrast, prices for restaurants & hotels showed more significant variations, with price levels ranging from 46% of the average in Bulgaria to 147% of the average in Denmark.

 

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