Romania is followed by Poland, with prices 38% below the EU average.
On the other hand, Denmark recorded the highest prices for household final consumption (49% above the EU average), followed by Ireland (42% above the EU average), Luxembourg (37% above the EU average), and Finland (26% above the EU average).
“Price level indices express how many units of the same currency are needed to buy an identical volume of goods and services in different countries, for each group of goods and services. In 2022, 100 euros are paid for consumer goods and services in the composition of final consumption at the level of the European Union, and at the two extremes, 149 euros in Denmark and 59 euros respectively in Romania and Bulgaria”, according to the statement released by INS, which quotes a Eurostat statement.
According to Eurostat, Romania is the cheapest member state for the “Food and non-alcoholic beverages” group (72%), followed by Poland (73%), and at the opposite pole are Denmark and Luxembourg, with the highest level of prices for this group of products (121%).
Bulgaria records the lowest price level for the groups “Alcoholic beverages and tobacco” (66%), “Clothing and footwear” (80%) and “Home maintenance, water, electricity, gas and other fuels” (38%), followed by by Poland, for the groups “Alcoholic beverages and tobacco” (73%) and “Home maintenance, water, electricity, gas and other fuels” (39%).
Denmark has the highest price level for products included in the “Clothing and footwear” group (133%), and Ireland is the most expensive country in the EU for products in the “Alcoholic beverages and tobacco” (216%) and “Maintenance” groups respectively housing, water, electricity, gas and other fuels” (195%). Bulgaria and Romania have the lowest level of prices among EU countries for the group “Articles of furniture, household equipment and current home maintenance” (71%). Hungary remains the cheapest member state for the “Transport” group (70%), followed by Poland for the “Recreation and culture” group (62%), and Bulgaria records the lowest price level for the accommodation and restaurant services group (50 %).
Romania, together with Hungary, record the same value of the volume index of GDP per capita, standing at 76% compared to the average of the European Union. The lowest value of the Gross Domestic Product per capita, in 2022, was recorded by Bulgaria, 38% below the EU average.