Overall price levels
In 2023, price levels for consumer goods and services differed widely across Europe. The highest price level among EU countries was observed in Denmark, 43 % above the EU average, while in Bulgaria and Romania the price level was 40 % below the EU average.
An understanding of the differences in price levels is important in the comparison of economic data, such as gross domestic product (GDP), because higher relative prices could make an economy look healthier than it really is. Observing price level differences is also important in the analysis of the development…
