Czech Republic Among Cheapest EU Countries for Consumer Goods

Eurostat has released its data on the most and least expensive consumer goods and services around the European Union

Expats.cz

Written by Expats.cz
Published on 25.06.2018 14:27 (updated on 25.06.2018)

Jason Pirodsky

Written by Jason Pirodsky
Published on 25.06.2018 14:27 (updated on 25.06.2018)

Eurostat has released its annual data revealing the most and least expensive consumer goods and services around the European Union.

In general, prices for goods and services in the Czech Republic remain relatively cheap compared to the EU average.

In the Czech Republic, restaurants and hotels are 60 percent of the EU average, with the country holding a position of #26 in that category. For comparison see Denmark (151%) and Sweden (146%).

The Czech Republic also ranked among the cheapest countries in Europe for consumer electronics ranking (#26) such as televisions, cameras, desktop and laptop computers, monitors, printers, etc. and personal transport equipment (#27) including cars, motorcycles, spare parts, and fuel.

Passenger transport services such as railway tickets also stacked up as some of the lowest in the EU.

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According to the newly released data, price levels for consumer goods and services in 2017 differed widely across the EU. Denmark (142% of the EU average) had the highest price level, followed by Luxembourg (127%), Ireland, and Sweden (both 125%), Finland (122%), and the United Kingdom (117%).

 

Overall, the lowest price levels for goods and service were found in Bulgaria (48%), while Romania (52%) and Poland (56%) were just above 50% of the average.

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The Czech Republic ranked as the eighth cheapest country for consumer goods and services in the EU, with price levels about 30% less than the EU average.

Bulgaria leads the pack as the cheapest EU state for everything from clothing to alcohol and tobacco.

The results are based on price surveys covering more than 2,000 consumer goods and services which were conducted across 38 European countries participating in the EurostatOECD Purchasing Power Parities (PPP) program

A further breakdown of the data and price comparisons for clothes, shoes, furniture, and more can be found here.