The price level of private consumption expenditure in Germany was 8.6% higher than the average of the 27 EU Member States in 2024. In most of Germany's bordering countries the price level was higher. As in previous years, the only bordering countries with a lower cost of living were Poland and Czechia.
Within the EU, the price level was highest in Denmark (+43.1% above EU average), followed by Ireland (+38.1%), Luxembourg (+32.8%), Finland (+23.5%) and Belgium (+16.5%). The lowest price level was reported in Bulgaria, where consumers paid half the amount (-40.3%) for a representative basket of goods than they did on average across the EU.
Among the European countries which are not EU Member States, consumers faced considerably higher prices in Switzerland (+74.4%) and Iceland (+61.7%). At the other end of the scale was the price level of Turkey (-47.0%).
Last updated: June 24, 2025. Most recent data in the Eurostat Database.