The 2019 price level indices for consumer goods and services across Europe reveal significant disparities. Iceland, Norway, and Switzerland top the list with indices well above the EU average of 100, indicating higher costs of living. In contrast, Eastern European countries like Romania, Bulgaria, and Turkey have indices below 60, reflecting lower price levels. The Nordic countries, including Denmark and Sweden, also exhibit high indices, aligning with their reputation for high living standards. Meanwhile, Western European nations such as the UK, France, and Germany maintain indices close to the EU average, suggesting moderate price levels. Southern European countries like Italy, Spain, and Greece show indices slightly below 100, indicating relatively lower costs compared to their northern counterparts. This data highlights the economic diversity within Europe, with a clear divide between the high-cost Nordic and Western regions and the more affordable Eastern and Southern areas. Such variations can impact consumer behavior, investment decisions, and economic policies across the continent.
