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Bulgaria has EU’s Lowest Consumer Prices in 2021, Eurostat Says

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 Bulgaria has EU s Lowest Consumer Prices in 2021 Eurostat Says Bulgaria has EU s Lowest Consumer Prices in 2021 Eurostat Says Prices Sofia June 23 2022 Bulgaria has the lowest price levels for consumer goods in the EU in 2021 according to Eurostat figures published on Thursday In 2021 price levels for consumer goods and services hellip
Bulgaria has EU’s Lowest Consumer Prices in 2021, Eurostat Says

NNN: Bulgaria has EU’s Lowest Consumer Prices in 2021, Eurostat Says

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Bulgaria has EU’s Lowest Consumer Prices in 2021, Eurostat Says

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Sofia, June 23, 2022 Bulgaria has the lowest price levels for consumer goods in the EU in 2021, according to Eurostat figures published on Thursday.

In 2021, price levels for consumer goods and services differed widely across the EU, and the lowest prices were found in Bulgaria and Romania (both 56 per cent of the EU average).

However, Eurostat presented consumer prices using purchasing power parities.

Denmark and Ireland both have 140 Per cent of the EU average which has the highest price levels.

These Member States were followed by Luxembourg which has 132 per cent, while Sweden has 128 per cent with Finland having 126 per cent.

Meanwhile, the lowest levels were found in Poland with 60 per cent and in Romania and Bulgaria both have 56 per cent.

In 2021, the widest price gaps were in the restaurants, hotels, alcohol and tobacco sectors.

The price level for restaurants and hotels was almost 3.4 times higher in the most expensive country than in the cheapest one.

It said that the Price levels in restaurants and hotels ranged from 46 per cent of the EU average in Bulgaria, which is 54 per cent in Romania and 62 per cent in Hungary, to 155per cent of the average in Denmark, 137 per cent in Sweden and 133 per cent in Finland.

Alcohol and tobacco ranked second in terms of price level difference, with the lowest price levels registered in Bulgaria, Poland and Hungary, while the highest is Ireland with 205 per cent, Finland 173 per cent, Sweden 136 per cent and Denmark and France both 134 per cent.

This large price variation is mainly due to differences in taxation of these products.

Food and non-alcoholic beverages were the cheapest in Romania with 69 per cent of the EU average and Poland 72 per cent.

However, they were most expensive in Luxembourg with 125 per cent of the average, Denmark 120 per cent and Ireland with 119 per cent.

Bulgaria was close to the cheapest with 79.3 per cent.

Clothing is a group of products where prices differed less among the Member States, ranging from 76 per cent of the average in Bulgaria to 134 per cent in Denmark.

Personal transport equipment also recorded a smaller price disparity among Member States, with Poland with 81 per cent of the EU average cheapest and Denmark has 138 per cent most expensive.

Price differences were also limited for consumer electronics, ranging from 88 per cent of the average in Poland to 113 per cent in the Netherlands.

NewsSourceCredit: NAN

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