Romania has the lowest price levels for consumer goods

Romania, Bulgaria and Poland have the lowest price levels for consumer goods, half the European average, while Denmark, Ireland and Luxembourg have the highest price levels, way above the EU average, data from Eurostat, the statistical office of the European Union, showed recently.

The lowest price levels were found in Romania (55% of the EU average), Bulgaria (56%) and Poland (58%).

Denmark (141% of the EU average) had the highest price level, followed by Ireland and Luxembourg (both 136%), Sweden (130%) and Finland (126%).

In 2020, the price level for restaurants and hotels was three times as high in the most expensive country as in the cheapest one.

Price levels ranged from 46% of the EU average in Bulgaria, followed by Romania (53%) and Hungary (56%), to 154% of the average in Denmark, ahead of Sweden (138%) and Finland (131%).

Alcohol and tobacco ranked second in terms of price level difference, with the lowest price levels registered in Bulgaria (61%), Hungary (69%) and Poland (70%), and the highest in Ireland (187% of the EU average), followed at a distance by Finland (158%), Sweden (136%) and France (133%). This large price variation is mainly due to differences in taxation of these products among Member States.

Food and non-alcoholic beverages were cheapest in Romania (66% of the EU average) and Poland (68%), while they were most expensive in Denmark (129% of the average), Luxembourg (126%) and Austria (125%).

Clothing is a group of products where prices differed less among Member States, ranging from 73% of the average in Hungary to 130% in Denmark.

Personal transport equipment also recorded a smaller price disparity among Member States, with Poland (80% of the EU average) cheapest and Denmark (137%) most expensive. Price differences were also limited for consumer electronics, from 87% of the average in Poland to 112% in the Netherlands and in Malta.  22.06.2021

Price levels Roemenia