In 2022, Ireland is the country with the highest price level in the EU, and Romania the lowest.
In the 27 states of the European Union, a serious price gap remains for services and consumer goods, especially for food and drinks. This was reported by the EU statistics office.
The most expensive country in 2022 is Ireland, where the cost of living is 46.4% higher than the EU average. It was followed by Denmark (+44.5%) and Luxembourg (+36.8%).
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Among the large countries, Italy is the closest to the average, where the consumer basket is only 0.2% more expensive than the average European. Germany (+8.9%) and Spain (-3.5%) are also close to the arithmetic middle.
At the same time, the cheapest countries include Romania, where you have to pay 42.2% less for the consumer basket than the EU average, as well as Bulgaria (-41.3%) and Poland (-38.5% ).
Denmark leads the EU in terms of the cost of clothing and footwear, while in Bulgaria they are the cheapest, as well as alcoholic beverages and tobacco products.
The gap in prices for alcohol and cigarettes between states at both ends of the ranking reached 3.3 times in 2022, which is mainly due to differences in the taxation of these products.
In second place is the cost of staying in hotels and going to a restaurant – the difference is more than three times.
However, the most expensive and cheapest countries on the continent are not included in the European Union. The leaders in terms of cost of living are Switzerland (+74.3%), Iceland (+59%) and Norway (+42.9%), while the consumer basket in Turkey is 60% cheaper than the European average, in North Macedonia – by 49%.
We remind you, earlier it was reported that the largest economy of the EU has fallen into recession.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.