In 2023, the price levels of household final consumption expenditure differed significantly across the EU. This is shown by the latest Eurostat data.
The highest price levels were registered in Denmark (143% of the EU average), Ireland (142%) and Luxembourg (135%). Meanwhile, the lowest levels were registered in Bulgaria and Romania (60% each) and Poland (66%).
The biggest difference in the prices of alcohol and tobacco products.
In 2023, the price level of alcohol and tobacco products was 3.2 times higher in Ireland, the most expensive country, than in Bulgaria, the cheapest. The lowest levels of prices for alcohol and tobacco products were registered in Bulgaria (66% of the EU average), Poland (77%) and Romania (85%).
Meanwhile, the highest rates were recorded in Ireland (211%), Finland (170%) and Denmark (133%). This large price difference is mainly due to differences in taxation of these products.
Restaurants and hotels are in second place in terms of difference in price levels, with the lowest price levels registered in Bulgaria (52% of the EU average), Romania (65%) and Hungary (72%), and the most the highest in Denmark (152%), Finland (129%) and Ireland (128%).