Good News! Portugal among least expensive EU countries
- Created on Friday, 22 June 2012 17:47
Overall prices in Portugal were lower than average prices in the 27-member European Union, according to its official statistics agency Eurostat.
Taking all products together, costs in Portugal were 13% lower than the average.
Food and non-alcoholic beverages were lower by 10%, alcohol and tobacco by 15%, clothing by 7%, and restaurants and hotels by 21%.
Consumer electronic goods were just at the average price, and only personal transport equipment (the price of cars and motorcycles, but not petrol) was higher by 22% than average.
Highest costs were found to be in Denmark (43% above average), followed by Sweden, Finland and Luxembourg.
Countries were prices were between 10% and 20% above average include Ireland and France.
The UK, Germany, Italy, and the Netherlands had prices higher than average but lower than 10%. The UK was overall 3% higher.
Costs in Spain and Italy were found overall to be lower than average, but higher than in Portugal.
Countries were prices were lower than Portugal were all from Eastern Europe and the Baltic States.
Looking at Spain, clothing was found to be about 5% cheaper than Portugal, the costs of cars about 23% less, and alcohol and tobacco marginally less by about 2%. All other items were found to be more expensive.
Comparing Portugal to the UK, only the cost of consumer electronics was lower in the UK by about 4%.
