World Business News

A round up of the latest news for those doing business internationally

Consumer price levels

Zone(s): Europe ¦ Sector(s): Economy, Consumers
[19 June 2014, Europa website] Price levels varied in 2013 from 48% of the EU28 average in Bulgaria to 140% in Denmark differed widely across Member States. 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. Price levels at around 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 around 40% below in Hungary (60%), Poland and Romania (both 57%). The lowest price level was found in Bulgaria (48%).

These data come from an article published by Eurostat, the statistical office of the European Union.

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