Türkiye Became the Cheapest Country in Europe

The price level index for consumer goods and services in Europe has been published. According to the published report EuropeThe cheapest country to shop in was Türkiye. Regarding Turkey's consumer goods and services price level index 47The country with the highest index was Switzerland with 162.

Among the countries included in the index were 27 European Union countries, 3 European Free Trade Association countries (Switzerland, Iceland and Norway), 5 candidate countries (Turkey, Macedonia, Montenegro, Serbia and Albania), 1 potential candidate country (Bosnia-Herzegovina) and the United Kingdom. Among 37 countries in total Within the scope of the research, the country with the highest price level index for consumer goods and services Switzerland with 162 points was elected.

This calculation is available across the 27 EU member states. for 100 euros the same basket of goods and services received 47 Euros in Turkey It shows that it can be purchased with the equivalent Turkish Lira. 

The highest index in Turkey was consumer electronics

On the other hand, when we look at the subgroups, it was seen that the highest index in Türkiye was in consumer electronics. of Turkey Consumer electronics index was 99. 

Apart from this, it was observed that Turkey, whose restaurants and hotels index was 51, was more suitable in this group than other countries. Turkey's lowest index was in the clothing group. Clothing index 45 Türkiye was the country with the lowest index among the other 37 countries in the comparison.

Price level index, It shows the purchasing power of countries' currencies by comparing them with national currencies. Price level index of the country If greater than 100, compared to the average of the country groups to which it is compared.expensive"Even though it is small, it is considered “cheap”.