Hungarians pay dearly for communications, clothes
Last year price levels in Hungary were about 42% below the EU average, and lower than 14 years ago. However, there are significant variations in price levels between different groups of products and services, as shown in a survey by Eurostat, the EUʼs statistical office.
Eurostat compiled a survey of the price levels of consumer goods and services in Europe for last year, determining not just country averages, but also breaking prices down into different categories, offering a better picture of the financial situation of the population.
Taking 100 as the EU price level average, the statistics show that Denmark and Luxembourg had the highest price levels in 2017 (both 41% above the EU average), followed by Sweden (35% above), Ireland (28% above), Finland (23% above), and the United Kingdom (17% above).
The lowest price levels were recorded in Bulgaria (56% below the EU average), Romania (52% below), Poland (47% below), Hungary (42% below), and Lithuania (40% below).
At a more detailed level, Denmark was the most expensive Member State in 2017 for "restaurants and hotels" (51% above the EU average), "food" (50% above), "recreation and culture" (48% above), "transport" (28% above), and "household equipment" (20% above). Ireland was the most expensive Member State for "alcoholic beverages and tobacco" (74% above the average); Luxembourg for "housing, water, electricity and gas" (63% above); Greece for "communications" (54% above); and Sweden for "clothing and footwear" (34% above).
In Hungary, highest prices were registered for "communications" (89.9% of the EU average), "clothing and footwear" (86.9%), and "food and non-alcoholic beverages" (82.1%). Housing costs, however, amounted to only 41.9% of the EU level.
Motor Fuel Prices Fall Below Avg in Neighboring Countries
China-Hungary Cooperation 'Story of Continuous Friendship', ...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
