Analytics, EU – Baltic States, Financial Services
International Internet Magazine. Baltic States news & analytics
Tuesday, 16.04.2024, 11:19
Estonian prices were 24% lower than EU average in 2016
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The highest price level was
recorded in Denmark where it exceeded the EU average by 39%. Denmark was
followed by Ireland with 25% and Luxembourg and Sweden with 24%, data published
by Eurostat on Thursday show.
The lowest prices were recorded in
Bulgaria, Poland and Romania -- respectively 48%, 53% and 52% of the EU
average.
The biggest differences were detected
in the prices of alcohol and tobacco. The lowest price level was registered in
Bulgaria where the prices of alcohol and tobacco amounted to 56% of the EU
average, while in Ireland and the U.K. the price level was 75% and 62% higher
than the EU average.
In Estonia the prices of alcohol
and tobacco were 14% lower than the EU average.
In Estonia the price level of
clothing is 13% higher than the EU average and only in the Nordic countries of
Sweden, Finland and Denmark the prices of clothing were higher than in Estonia.
The least expensive hotels and
restaurants are in Bulgaria, Romania and the Czech Republic where the prices
were around 50% cheaper than the EU average. At the same time, the highest
prices in that category were recorded in Denmark, Sweden and Finland where they
exceeded the EU average by respectively 50%, 44% and 27%.
In Estonia the price level of
hotels and restaurants was 20% below the EU average.
In the category of food and
non-alcoholic beverages, Denmark placed the highest with prices 48% more
expensive than the EU average, while the lowest prices were recorded in Poland
and Romania, amounting to 62% of the EU average.
In Estonia food and non-alcoholic
beverages were 10% cheaper than the average.
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