ECONOMY: Cyprus has most expensive milk, cheese and eggs in Europe

Consumers in Cyprus pay the highest prices in Europe for milk, cheese and eggs that are 136% above the EU average, according to data released by Eurostat.

In Cyprus the prices for food and non-alcoholic beverages stand at the 108% of the EU average, bread and cereals at 123%, meat at 89%, milk, cheese and eggs are a record high 136%, alcoholic beverages at 103% and tobacco at 82%.

In Greece prices for food and non-alcoholic beverages stand at 106% of the EU average, bread and cereals at 114%, meat at 91%, milk, cheese and eggs at 134%, alcoholic beverages at 133% and tobacco at 80%.

In 2018, the price level of a comparable basket of food and non-alcoholic beverages across the European Union (EU) was twice as high in the most expensive Member State than in the cheapest one.

Denmark had the highest price level for food and non-alcoholic beverages in the EU, at 130% of the EU average, followed by Luxembourg and Austria (both 125%), Ireland and Finland (both 120%) and Sweden (117%).

At the opposite end of the scale, the lowest price levels were observed in Romania (66%), Poland (69%), Bulgaria (76%), Lithuania (82%), Czechia (84%) and Hungary (85%).

For bread and cereals, price levels ranged from 54% of the EU average in Romania to 152% in Denmark; for meat from 63% in Poland and Romania to 146% in Austria; and for milk, cheese and eggs from 71% in Poland to 136% in Cyprus.

The price levels for alcoholic beverages ranged from one to almost two and a half. The lowest price levels were registered in Bulgaria and Romania (both 74% of the EU average) and Hungary (77%), and the highest in Finland (182%), Ireland (177%) and Sweden (152%).

For tobacco, the price levels were four times higher in the most expensive Member State than in the cheapest. The lowest price levels were observed in Bulgaria (49% of the EU average), Poland (60%) and Croatia (62%), and the highest in the United Kingdom (204%), Ireland (201%) and France (141%).

Source: The Financial Mirror