Price Levels Varied in 2013 from 47% of the EU Average in Macedonia to 140% in Denmark

In 2013, price levels for consumer goods and services differed widely across member-states, an Eurostat report reads. 

Price levels at about 30% to 35% below the average were observed in the Czech Republic, Latvia and Slovakia (all 71%), Croatia (68%) and Lithuania (65%), and levels at about 40% below in Hungary (60%), Poland and Romania (both 57%). The lowest price level was found in Macedonia (47%).

Denmark (140% of the EU28 average) had the highest price level, followed by Sweden (130%), Luxembourg and Finland (both 123%). Price levels of 10% to 20% above the EU28 average were found in Ireland (118%), the United Kingdom (114%) and the Netherlands (110%), while Belgium and France (both 109%), Austria (107%), Italy (103%) and Germany (102%) had levels less than 10% above the average.

Spain (95%) was just below the EU28 average, while Greece (89%), Cyprus and Portugal (both 86%), Slovenia (83%), Estonia and Malta (both 80%) were between 10% and 20% below. 

These data come from an article published by Eurostat, the statistical office of the European Union. Clothing is one of the groups of products showing a smaller price variation among member-states, with Hungary (75% of the average) cheapest and Sweden (130%) most expensive.

Consumer electronics is another group of products where prices differed less among member-states, ranging from 86% of the average in Poland to 113% in Denmark, Cyprus and Malta. With the exception of Denmark (155% of the average), price differences among member-states were also limited for personal transport equipment, with levels varying from 81% of the average in the Czech Republic to 117% in the Netherlands. For restaurants and hotels, price variations were more significant, with price levels ranging from 47% of the average in Bulgaria to 149% of the average in Denmark.

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