LIFESTYLE - MONEY

Consumer goods

Bread and cereals more expensive in Luxembourg



Residents in Luxembourg are paying beyond the EU average for bread and cereals. ILEISH ANNA/Shutterstock.

Residents in Luxembourg are paying beyond the EU average for bread and cereals. ILEISH ANNA/Shutterstock.

In 2020, consumer prices in the EU varied in member states with residents paying different sums for bread and cereals. Prices in Luxembourg, Finland and Sweden ranked third behind Austria and Denmark.

Residents in the grand duchy had to part with more money when purchasing bread and cereals, according to data published by Eurostat. Based on the price level index (PLI), which is derived by dividing purchasing power parities (PPPs) by current nominal exchange rates, residents in Denmark (153) paid the most, followed by Austria (135) and Luxembourg, Finland and Sweden (with 127 each).

In total, 16 member states--Denmark, Austria, Luxembourg, Finland,  Sweden,  Cyprus, Malta, Italy, Ireland, Belgium, France, Greece, Spain, Slovenia, Germany, Croatia--paid more than the EU average of 100.

Poland (70), Bulgaria (67), Romania (56) had the cheapest prices for bread and cereals.

Consumer price levels in the grand duchy show that residents in Luxembourg paid 26.7% more than the EU average for food and paid the most in the EU for furniture, 29.4% more than the average price. 

Apart from transport services (0.7% lower than the EU average), personal transport equipment (3% lower than the EU average), and alcoholic beverages and tobacco (3.8% lower than the EU average), residents in the grand duchy paid more than the EU average for all other commodities assessed by Eurostat including restaurants and hotels, communication, housing, clothing and more.