News

21.06.2024
Comparative price levels in 2023

According to the final data of EUROSTAT, within the purchasing power parity project, the price level indices for consumer goods and services in Montenegro was 64% of the EU-27 average in 2023.

Price levels for consumer goods and services varied significantly across EU member states in 2023. Denmark recorded the highest price levels (143%) of the EU-27 average, followed by Ireland (142%), Luxembourg (135%), Finland (125%) and Netherlands (118%), while the lowest price levels were recorded in Hungary (76%), Poland (66%), Romania and Bulgaria (60%).

Among the neighbouring countries, Croatia had the highest price level of consumer goods and services which is 76% of the EU-27 average, while Serbia and Albania record a price level of 68% and 66% of the EU-27 average. The price level of consumer goods and services in Bosnia and Herzegovina was on the level of 58% of the European average, while North Macedonia was on the level of 52% of the European average.

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