Cyprus Consumer Prices Mixed Compared to EU Average
Cyprus consumer prices for 2008 varied widely compared to the EU average depending on the sector, according to the latest survey by Eurostat.
Overall, the island ranked 18th in the price level index, which includes data from 27 EU member countries plus 10 more countries (including candidate countries).
Cyprus scored the highest prices in the consumer electronics sector, which were 20% more expensive than the EU average. Household appliances were also 15% more expensive than the EU average.
Restaurants and hotels were 3% more expensive than the EU average, whereas Communication was 48% of the EU average, making Cyprus the cheapest EU member state for these services in 2008.
The most expensive country in the EU is Denmark, and the cheapest is Bulgaria, according to Eurostat.
Full details can be found on Eurostat's website:
Reference:
Boycott on Bread in Cyprus - Printer-friendly version
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Poll
Do you think Cyprus should leave the euro and return to the pound?
Yes, we're too exposed to the eurozone's woes
62%
No, we can get through the crisis and benefit from the euro
25%
Undecided, there are pros and cons on both sides
13%
Total votes: 423
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