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News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


Comparison of Price Levels in the EU27 in 2006: Ireland most expensive for alcohol - Second most expensive for food
By Finfacts Team
Jul 13, 2007, 14:57

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In 2006, the price level1 of a comparable basket of food and non-alcoholic beverages was two and half times higher in the most expensive EU27 Member State than in the cheapest one. The range was similar for alcoholic beverages, but was much greater for tobacco where price levels were seven times higher.

Ireland is the most expensive European Union country for alcoholic beverages and the second-most expensive for food and tobacco.

These data come from a report issued by Eurostat, the Statistical Office of the European Union. The results presented refer to the survey on food, beverages and tobacco carried out in 2006 in the 37 participating countries. This survey covered a total of approximately 500 comparable products.

The highest price levels for food and non-alcoholic beverages were recorded in Denmark (142% of the EU27 average), Ireland (125%), Finland (120%) and Sweden (119%), and the lowest in Bulgaria (56%), Lithuania (64%), Poland and Slovakia (both 67%). For bread and cereals, price levels ranged from 41% of the EU27 average in Bulgaria and 56% in Slovakia to 150% in Denmark and 141% in Finland; for meat from 48% in Bulgaria and 50% in Lithuania to 149% in Denmark and 133% in Sweden; and for milk, cheese and eggs from 67% in Poland and 75% in Latvia, Lithuania and Slovakia to 139% in Cyprus and 138% in Greece.

The highest price levels for alcoholic beverages were registered in Ireland (181% of the EU27 average), Finland (170%), the United Kingdom (152%) and Sweden (145%), and the lowest in Bulgaria (69%), Slovakia (72%), Hungary (77%) and Lithuania (79%).

For tobacco the highest price levels were observed in the United Kingdom (205% of the EU27 average), Ireland (186%), France (133%), Germany and Sweden (both 119%), and the lowest in Latvia (28%), Lithuania (30%), Romania (32%) and Estonia (41%).

Comparative price level indices 2006, EU27=100


 
Food and non-alcoholic beverages
Of which:
Alcoholic beverages
Tobacco
Bread and cereals
Meat
Milk, cheese and eggs
EU27
100
100
100
100
100
100
Belgium
110
109
123
109
97
100
Bulgaria
56
41
48
82
69
51
Czech Republic
69
61
60
80
86
52
Denmark
142
150
149
116
128
115
Germany
105
108
118
87
82
119
Estonia
75
70
64
79
89
41
Ireland
125
121
129
126
181
186
Greece
98
95
91
138
109
73
Spain
92
112
81
96
81
64
France
105
103
122
100
91
133
Italy
115
109
118
126
113
99
Cyprus
107
108
81
139
118
95
Latvia
69
59
58
75
92
28
Lithuania
64
61
50
75
79
30
Luxembourg
115
119
120
112
88
84
Hungary
71
60
65
83
77
54
Malta
83
76
69
111
117
84
Netherlands
88
89
105
78
93
103
Austria
110
126
121
98
81
98
Poland
67
60
52
67
91
44
Portugal
88
95
82
105
99
76
Romania
71
59
60
94
88
32
Slovenia
87
93
83
83
86
59
Slovakia
67
56
58
75
72
51
Finland
120
141
119
110
170
107
Sweden
119
131
133
104
145
119
United Kingdom
113
103
126
115
152
205
Croatia
89
87
86
89
113
65
The former Yugoslav Republic of Macedonia
56
55
53
62
65
31
Turkey
84
70
77
117
176
56
Iceland
164
188
189
149
226
173
Norway
158
164
182
160
229
227
Switzerland
142
142
195
126
96
102
Albania
72
59
62
84
96
33
Bosnia-Herzegovina
71
62
73
76
78
32
Montenegro
74
66
69
77
76
24
Serbia
67
56
68
75
73
26

  1. Comparative price levels are expressed in the form of price level indices (PLIs). PLIs provide a comparison of countries’ price levels with respect to the European Union average: if the PLI is higher than 100, the country concerned is relatively expensive compared to the EU average and vice versa. However, PLIs only provide an indication of the order of magnitude of the price level in one country in relation to others, particularly when countries are clustered around a very narrow range of outcomes. The data is produced by the Eurostat-OECD Purchasing Power Parity programme.

© Copyright 2007 by Finfacts.com

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