Bulgaria with Cheapest Consumer Goods and Services in EU 27

Bulgaria has the cheapest food and non-alcoholic beverages in the EU. Photo by BGNES

In 2008, Bulgaria had the lowest price level for goods and services of all 27 EU member states, according to latest Eurostat data.

Bulgaria's consumer prices for goods and services were only 51% of the EU 27 average. Other cheapest EU states are Romania (62%), Lithuania (67%), and Poland (69%).

The most expensive EU countries are Denmark with 141% of the EU average, followed by Ireland (127%), Luxembourg (116%), Sweden (114%), Belgium and France (both 111%).

In the different categories of goods and services, Bulgaria's price levels are lowest in the EU for food and non-alcoholic beverages in 2008 - 67% of the EU 27 average compared to the most highest level - 147% of the average in Denmark.

In addition, Bulgaria's prices for restaurants and hotels range were only 40% of the EU average, whereas the highest prices in the Union in this category, Denmark's, are 151% of the EU average.

 

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