Price level in Germany beats EU average in 2013

GMT 17:23 2014 Friday ,20 June

Arab Today, arab today Price level in Germany beats EU average in 2013

Price in Germany
Berlin - XINHUA

The price level in Germany in 2013 was just above European Union (EU) average, said the German Federal Statistical Office (Destatis) on Friday.
The price level of private consumption expenditure in Germany in 2013 was 1.5 percent higher than the average of the 28 member states of the EU, according to the data from Destatis.
This means, the Germans had to pay a bit more for their consumption than the average citizens in the EU in the past year.
However, Destatis reported that in most of Germany's direct neighbor countries the price level was higher. It was lower only in Poland and in the Czech Republic, as was the case in the preceding years.
According to the data from Destatis, within the EU, the price level recorded the highest in Denmark, with a difference of 39.6 percent from the EU average, followed by the other Scandinavian countries of Sweden and Finland.
Meanwhile, the lowest prices within the EU were in Bulgaria, where consumers paid less than half the average of all EU member states to buy a representative basket of goods.
As the Destatis said, the federal office refers to the data published on Thursday by the EU statistical office.

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