We are going through a moment when all the countries in the federation have substantial inflation, which results in general inflation, but they are reflected in different ways in each member country.
The EU Statistics Institute, Eurostat, on Thursday released the average prices of sectors for each member state and the overall volume. By A. Interactive mapWe can select the countries we want to analyze and look at their status compared to other countries in the region.
As for Portugal, we are below the EU average in seven of the ten regions. The hotel industry is an important sector for the country which, despite being greatly affected by the epidemic, is recovering as a cultural and leisure activity.
In terms of food, despite a hypothetical global food crisis, Portuguese prices are 0.8% lower than the EU average, with Switzerland having the highest position and Romania the lowest.
In the liquor and tobacco sector we are also 1.1% below the EU average, with prices higher in Norway and lower in Bulgaria.
Communication is one of the sectors above the EU average: 19.3% above. Norway is again number one and Romania is the country with the lowest average prices.
In the leisure and cultural sector, prices are 12.5% lower than the European average. Again, Romania ranks first in high prices and has the lowest prices in the sector.
In terms of real estate costs, it is 18.9% higher than the EU average Portugal, despite higher prices. Switzerland is the most expensive country and Bulgaria is the cheapest.
We have another sector below the EU average, which is 5.9% below, in terms of furniture prices. Luxembourg is the most expensive country in the world and Bulgaria is the least expensive country again.
When it comes to restaurant and hotel prices, Portugal’s prices are lower than the European average: 27.1%. Switzerland is again ranked with the highest average prices and Bulgaria with the lowest average prices.
In the clothing and footwear sector, Portugal is 3% higher than the European average. Iceland and Bulgaria, the countries with the highest average prices, have the lowest prices again.
In transport services, Portugal is 15.6% lower than the European average, Iceland has higher average prices and Bulgaria lower.
Personal transport equipment is the last indicator, and Portugal ranks third above the EU average, up 7.1% in this regard. In Denmark, average prices are higher in the region and lower in Poland.
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