The United Kingdom is slightly cheaper than an average European Union country, according to European statistics agency Eurostat.

Eurostat compares the price levels in all 27 European Union countries and the United Kingdom scored at 99% – meaning it’s one per cent cheaper than the overall average of the 27 nations.

The most expensive country in the EU is Denmark with 141% of the average, followed by Ireland (127%) and Finland (125). Finland used to be the most expensive country in the eurozone, but now Ireland has beaten it.

More expensive than the overall average are also Luxembourg, Sweden, Belgium, France, Italy, Austria, Germany and the Netherlands.

Less expensive than the average are, in addition to the UK, also Spain, Greece, Cyprus, Portugal, Slovenia, Malta, Estonia, Latvia, Czech Republic, Hungary and Slovakia.

The lowest price levels were found in Bulgaria (51%), Romania (62%), Lithuania (67%) and Poland (69%).

In Central and Eastern European, Slovenia and Estonia are the most expensive countries.

However, if we look at the prices of clothing and consumer electronics, then the UK is one of the cheapest in the Union with 83% and 86% of the average, respectively. The most expensive clothing can be found in Finland (123%) and the most expensive consumer electronics in Denmark (121%).

Alcohol and tobacco, on the other hand, are the most expensive of all 27 EU countries in the United Kingdom – 150% of the average. The cheapest alcohol and tobacco one can find in Romania – 61%.

Food is also more expensive than average in the UK with 104%. Food is the cheapest in Bulgaria – 67%.

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