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EFTA Countries Are the Most Expensive in Europe

wallstreetoasis.com

EFTA countries (European Free Trade Association) Switzerland, Iceland and Norway had the highest price levels for Household Final Consumption Expenditure (HFCE), with 61, 47 and 40 per cent above the EU28 average respectively, the 4-traders reports.

Food, beverages and tobacco most expensive in Northern Europe

Switzerland together with Norway and Denmark had the highest price levels for food and non-alcoholic beverages in Europe. Macedonia, Poland and Romania had the lowest prices.

The Eurostat survey also compared prices differences of different service groups across countries. Switzerland together with Iceland and Norway followed by the rest of the Nordic countries topped the list of countries with the highest prices in restaurants and hotel services. A number of Balkan countries, namely Albania, Macedonia and Bulgaria, had the lowest price levels in restaurants and hotel services in Europe.

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