Comparative price levels of 37 European countries in 2019

On 19th June 2020, Eurostat has published a comparative price levels from 37 European countries. The group of 37 European countries consists of 27 EU members, three EFTA members (Iceland, Norway and Switzerland), United Kingdom, five candidate countries for EU membership (Montenegro, North Macedonia, Serbia, Albania and Turkey) and Bosnia and Herzegovina, a potential candidate for EU membership.
The given results are based on surveys conducted within the project of Purchasing Power Parities (PPP), which collects prices for approx. 2000 comparable products, allowing countries to collect prices for a sufficient number of representative products. PPP project is implemented under the leadership of EUROSTAT and OECD.
The results of the surveys are presented through the "price level index", which enables the comparison of prices between countries with the EU average. If the price level index is higher than 100, the country is considered relatively more expensive compared to the EU average, and if the price index is lower than 100, the country is considered relatively cheaper compared to the EU average.
In 2019 the price levels consumer goods and services varied considerably across European countries. Denmark's consumer prices are 41% above the EU average, while the cheapest EU member is Bulgaria, which consumer prices are 47% below the EU average.

The price level of consumer goods and services in Montenegro was 57% of EU average in 2019, as in Serbia and Albania, while in Croatia was 71% of average, Bosnia and Herzegovina 55%, and North Macedonia 50% of the European average.