Published on Thursday, 16, July, 2009 at 12:43 in Malta News | No Comments

Malta most expensive country in EU for consumer electronics

Price levels differ widely across the EU27 Member StatesIn 2008, price levels for consumer goods and services differed widely across the EU27 Member States, with Malta the most expensive for consumer electronics.

Denmark (141% of the EU27 average) had the highest price level, followed by Ireland (127%) and Finland (125%). Price levels of 10% to 20% above the EU27 average were found in Luxembourg (116% of the EU27 average), Sweden (114%), Belgium and France (both 111%), while Italy and Austria (both 105%), Germany (104%) and the Netherlands (103%) were just above the average. The United Kingdom (99% of the EU27 average), Spain (96%) and Greece (94%) were just below the average, while Cyprus (90%), Portugal (87%) and Slovenia (83%) were between 10% and 20% below. Price levels between 20% and 30% below the average were observed in Malta (78%), Estonia (77%), Latvia (75%), the Czech Republic (72%), Hungary and Slovakia (both 70%). The lowest price levels were found in Bulgaria (51%), Romania (62%), Lithuania (67%) and Poland (69%).

Price levels for food and non-alcoholic beverages in 2008 ranged from 67% of the EU27 average in Bulgaria to 147% of the average in Denmark. Among Member States, differences in price levels were smaller for this product group than for total goods and services. For alcoholic beverages and tobacco, prices were lowest in Romania (61% of the average) and highest in Ireland (184%), Malta stood at 89%. This large price variation is mainly due to differences in taxation of these products among Member States.

Clothing is one of the groups of products showing the smallest price variation among Member States. The United Kingdom (83% of the average) was cheapest and Finland (123% of the average) was most expensive for clothing, Malta stood at 110%.

Consumer electronics is another group of products where prices differed less among Member States. The lowest prices for these products were found in the United Kingdom (86% of the average) and the highest in Malta (126%). Excluding Denmark, price differences among Member States were also limited for personal transport equipment. Price levels varied from 84% of the EU27 average in Romania to 174% of the average in Denmark and 125% in Ireland, Malta stood at 123%.

For restaurants and hotels, price variations were more significant, with price levels ranging from 40% of the average in Bulgaria to 151% of the average in Denmark, Malta stood at 84%.

This data came from a report published by Eurostat, the Statistical Office of the European Communities.

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