Turkey expensive for cars, cheap for hotels
Posted by meb at July 18th, 2009
Turkey has lower prices than most European countries on food, alcoholic beverages and tobacco, clothing, restaurants and hotels, but higher costs for personal transportation equipment and consumer electronics.
According to Eurostat, the Statistical Office of the European Union, goods and services purchased for 100 euros in the EU cost an average of 73 euros in Turkey. Eurostat’s comparative consumer price data for 2008 includes the 27 EU member countries, candidate and potential candidate countries, and Iceland, Norway and Switzerland.
European countries offering goods and services at lower prices than Turkey include the Czech Republic (at an average of 72 euros for the comparison set of purchases), Hungary and Slovakia (each at 70 euros), Poland (69 euros), Lithuania (67 euros), Montenegro and Romania (each at 62 euros), Serbia (58 euros), Bosnia and Herzegovina (56 euros), Albania (53 euros), Bulgaria (51 euros) and Macedonia (47 euros). Average price levels in Turkey surpassed that of seven EU members.
Europe’s most expensive countries were Denmark (141 euros for the comparison set of goods and services), Norway (139 euros), Switzerland (130 euros), Finland (125 euros), Iceland (117 euros) and Luxembourg (116 euros), according to the Eurostat data.
Turkey was shown to be the second-cheapest country in Europe, after Macedonia, in terms of ready-to-wear apparel prices. Britain was the lowest-priced country in terms of consumer electronics with an index of 86 euros, while Romania offered personal transportation equipment at the lowest price, 84 euros.
In other price level indices, consumer goods cost 113 euros in Turkey, compared to an EU baseline of 100 euros. For personal transportation equipment, 104 euros was required, while alcoholic beverages and tobacco cost 91 euros, restaurant and hotels 90 euros, food and non-alcoholic beverages 87 euros, and apparel and other ready-to-wear products 76 euros.
source: Hurriyet daily news
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