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Huge variation in European food prices – Food Industry Report

Huge variation in European food prices – Food Industry Report – Brief Article

Retail food prices varied sharply across Europe in 2001, with prices in the most expensive country (Norway) being three times more expensive than in the cheapest (Slovakia), according to a new survey by the EU’s statistical agency Eurostat.

Even within the EU-15, there was a marked North-South split, with Spanish running at some 18% below the EU average while Danish prices were 28% above the EU-15 mean value (see table)

Eurostat’s survey showed a clear split between the three high-priced EFTA (European Free Trade Association) countries, the 13 low-priced candidate countries for EU membership (mostly in Central and Eastern Europe), and the 15 EU member states somewhere in the middle.

The figures were compiled from national statistical price data and calculated on the basis on purchasing power parity in each country.

COPYRIGHT 2002 Agra Europe Ltd.

COPYRIGHT 2002 Gale Group