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Prices in Cyprus stood at 88% of the EU average in 2016 overall, according to a Eurostat report.

Food and non-alcoholic beverages were 9% over the average, while alcoholic beverages and tobacco were 9% below the average. Consumer electronics were also 9% more expensive overall, while clothing prices were the same as the EU average. Personal transport equipment was 11% below average and restaurants and hotels were also 9% below average.

The stats showed that although the EU aims to make everything uniform across the bloc, the price of a basket of goods differed wildly.

In terms of overall pricing, Denmark was the most expensive member state at 39% over the EU average,  followed by Ireland at 125% , Luxembourg and Sweden both at 124%, and Finland and the United Kingdom both at 121%.

Meanwhile the lowest prices were found in Bulgaria at 48% of the EU average, Poland at 53% and Romania at 52%.

The price of a comparable basket of food and non-alcoholic beverages across the EU was more than double the price in the most expensive member state than in the cheapest one. The price of alcohol and tobacco was lowest in Bulgaria at 56% of the EU average and highest in Ireland at 175%. Prices of restaurants and hotels were triple in the price in the most expensive member state in comparison to the cheapest,  at 50% of the EU average in Bulgaria but 150% in Denmark.

Cyprus is in a very good position, somewhere in the middle, with prices 12% cheaper than the EU average, even though some products may be slightly over the EU average prices.

Aside from the beautiful sandy beaches, delicious food, rich culture and history and the welcoming locals, Cyprus really is a great destination price-wise too!


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