Albania, Europe's poorest source of income, is the country with the highest prices in the region for some catheters, such as "non-alcoholic food and beverages", and especially for clothing and electronics, compared to the European average. While they have less income than everyone else (31% of the European average), Albanian families also face high food prices, which makes them even poorer.
Eurostat has published today comparable data on the level of the Consumer Price Index for goods and services, which measures the price differences between European Union countries, including the region.
In general, in Albania prices are 57% of the EU average (from 54% in 2018), the highest in the region, along with Serbia and Montenegro. Macedonia is the cheapest, 50% of the EU average and then Bosnia, with 55% (data on Kosovo are missing).
For some categories, Albania is more expensive. For non-alcoholic foods and beverages, prices are as high as 82% of the European average, while Montenegro, with the highest income, has 79%, Serbia (78%), Bosnia and Herzegovina (76%), while the cheapest foods are in Northern Macedonia (61%). Northern Macedonia is where food costs cheaper than in any other country in Europe.
Albania also holds the record for the highest weight of food expenditures, with households spending an average of 44% of their total needs to feed themselves (EU average is 12%)
The most expensive in the region are the dresses, which are almost equal to the European average (97%). In Montenegro are 88%, Serbia (94%), Northern Macedonia (76%). The cheapest clothes in Europe are found in Turkey (45%) and the most expensive in Denmark, as much as 132% of the European average.
Above the European average are the prices of electronic devices (103%), where the most expensive than us is only Serbia (113%).
Albania and Macedonia have the cheapest restaurants in Europe, averaging 46 and 45%, while the most expensive is Montenegro (57%).
For total prices, the cheapest country in Europe is Turkey, with 47% of the European average and the most expensive Switzerland (162%). Foods are the most expensive in Switzerland (163%), the cheapest in Northern Macedonia (61%). Electronic devices are the cheapest in Poland (91%) and the most expensive in Iceland (131%). Iceland leads in restaurants (176%), while the cheapest is Macedonia and then Albania.
Source: Monitor