Bulgaria Sees EU's Lowest Price Levels 2011

Bulgaria had the lowest price levels for consumer goods and services amon all EU member states in 2011, according to Eurostat data.

The bloc's poorest country had price levels amounting to 51% of the EU average. The Balkan country also has EU's lowest average gross annual earnings, it was revealed earlier in June.

Denmark (142% of the EU27 average) had the highest price level, followed by Sweden (128%), Finland (125%) and Luxembourg (122%).

Price levels of 10% to 20% above the EU27 average were found in Ireland (117%), Belgium (112%) and France (111%), while the Netherlands (108%), Austria (107%), Germany and Italy (both 103%) and the United Kingdom (102%) had levels up to 10% above the average.

Spain (97% of the EU27 average) and Greece (95%) were just below the average, while Cyprus (89%), Portugal (87%) and Slovenia (84%) were between 10% and 20% below.

Price levels between 20% and 30% below the average were observed in Estonia (79%), Malta (78%), the Czech Republic (77%), Latvia (74%) and Slovakia (72%), and levels between 30% and 40% below in Lithuania (66%), Hungary (64%), Poland and Romania (both 60%).

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