For eight product types, Luxembourg had the cheapest prices of the entire greater region
Luxembourg may set new records for property prices, however, cash-strapped consumers may be better off buying liquids there than in say Belgium and France.
A new report from the price formation observatory (pdf) found at the end of 2017 that out of 91 different types of products sold in Luxembourg and at least one other country in the greater region, Luxembourg offered the cheapest of 39 types.
For eight product types, Luxembourg even had the cheapest price of the entire greater region. That said, for 21 products, Luxembourg had the highest prices of all four countries.
Across the range of products found in all countries, Belgium worked out more expensive for foodstuffs, liquids, hygiene products, fresh produce and non-foods. The gap has been widening since 2013 in all products except non-foods. Shoppers heading to France or Germany would have found cheaper prices across the product types, except liquids.
Germany was also found to be the country with the cheapest fresh organic produce (10.2% cheaper than the greater region average), followed by France (excluding liquids).
The report was compiled from the Nielsen database of over 100,000 different products found in 22 stores in Luxembourg and within 50 kilometres of its border. The report author cautions that half of these products are found in only one shop. Furthermore, only 0.18% of products could be found in France, Belgium, Germany and Luxembourg.
The author suggests price variations could be linked to territorial supply restrictions, which “can represent a considerable competitive disadvantage.”