Which European Country has the Highest Prices in Markets?
The price of consumer goods and services varies across European countries. Price Level Indices (PLIs) compare price levels that are calculated using purchasing power parties. The following results are based on the survey of 2000 consumer goods and services conducted across 37 European countries. 27 European member states were participating in the Eurostat-OECD Purchasing Power Parties (PPP) program. Overall price levels in European countries In 2019, the highest price level for consumer goods and services was observed in Denmark, i.e., 41% above the average price level in Europe. The lowest price level was observed in Bulgaria (47% below the average price level). Observing the price level difference is important in the development analysis. The country with higher relative prices could have a healthier economy. Price levels for food, beverages, tobacco, clothing, and footwear The price level for food, non-alcoholic beverages, clothing, and footwear is high in Denmark. But, the price