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Tuesday 10.12.2019 | Name days: Judīte, Guna

Denmark reports the highest, while Bulgaria – the lowest prices in EU

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2010, the price level differed throughout the European Union (EU) member states. In Latvia (69%) it was mainly below the average (100%), attaining it only in the clothing industry, according to the EU central statistical office Eurostat data.

Overall, last year the highest prices were recorded in Denmark (143% of the EU average) and Finland (123%). While the price level mounting 10 – 20% above the average was registered in Luxembourg and Sweden (120%), Ireland (118%), Belgium and France (112%). While in Austria (107%), the Netherlands (106%), Germany and Italy (104%) prices hovered around 5% above the EU average. The price level in the UK equated the EU average – 100%.

Spain (97%) and Greece (96%) ranked slightly below the average price level, while Cyprus (89%), Portugal (88%) and Slovenia (84%) were between 10 – 20% below the EU average. The price level smaller than 20 – 30% of the EU average was observed in Malta (79%), Estonia (75%), the Czech Republic (72%) and Slovakia. Whereas Latvia (69%) Hungary (65%), Lithuania and Poland (63%) reported a price level 30 – 40% below the EU average. The lowest price level was recorded in Bulgaria (51%) and Romania (59%).

In terms of foods and non-alcoholic beverages, the highest prices were registered in Denmark (136% above the EU average), while the lowest – in Bulgaria (66%). Latvia reported 83% of the EU average. As for alcoholic drinks and tobacco products, the lowest prices were observed in Bulgaria and Romania (64%), while the highest in Ireland (170%). Latvia posted 83% of the EU average.

The most expensive clothing is in Sweden (115%), while the cheapest – in Bulgaria (89%). Except Denmark, where costs of personal vehicle exceed the EU average by 167%, in this area the price level ranges from 88% in Bulgaria, Estonia and Romania to 120% in Portugal. Latvia reported 91% of the EU average.

Restaurant and hotel prices varied from 45% in Bulgaria to 153% in Denmark. In Latvia the price level comprised 77% of EU average marks.


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