Maltese prices at 77% of EU average, but is highest for consumer electronics

Price levels varied in 2011 from 51% of the EU27 average in Bulgaria, to 142% in Denmark.

Malta has the highest level of prices for consumer electronics, according to data published by Eurostat, at 125% of the EU's base 100% average.

In 2011, price levels for consumer goods and services differed widely across member states. Denmark (142% of the EU27 average) had the highest price level, followed by Sweden (128%), Finland (125%) and Luxembourg (122%).

Malta's price level was at 78% for all goods and services - among the ten lowest price levels in the EU, according to the Eurostat data, which puts it the area of price levels between 20% and 30% below the average. The lowest price levels were found in Bulgaria (51%).

However price levels for food and non-alcoholic beverages in Malta were at 94% of the European average, compared to prices for restaurants at 77% of the EU average.

Clothing is one of the groups of products showing a smaller price variation among Member States, with Bulgaria (75% of the average) cheapest and Sweden (133%) most expensive. Consumer electronics6 is another group of products where prices differed less among Member States, ranging from 89% of the average in Poland to 125% in Malta.

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Yes I noticed this when checking out a Logiteck Squeeze box. On a local (save your money, ha ha!) site- nearly €200. From Conrad.com, €130 INCLUDING shipping. No wonder Maltese businesses are losing it.
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Paul Sammut
These figures do not mean much unless wage buying power and quality of goods and standard of services are also considered.