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Prices in Finland 8th highest in Europe, but lowest in Nordics

Finland's alcohol and tobacco prices were relatively high in 2020, but the cost of telecommunications and consumer electronics were at average EU levels.

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The highest consumer prices were reported in Switzerland while the most affordable were seen in Turkey. Image: Mikko Koski / Yle

The prices of goods purchased by consumers in Finland were eighth highest among 37 European countries last year, according to data released by Statistics Finland.

Average prices in Finland exceeded the EU average by 26 percent.

However, the agency said that compared to its Nordic neighbours, prices in Finland were lowest, with Denmark, Iceland and Norway exceeding the EU average by 40 percent — and Sweden by around 30 percent.

The statistics trackers compiled and based its data on a price level comparison by the EU's number-crunching outfit, Eurostat, which examined consumer prices across 37 countries.

The highest consumer prices were reported in Switzerland and the most affordable were seen in Turkey.

In comparison, Finland's relatively most expensive products were for alcoholic beverages and tobacco products, both of which are heavily taxed in the Nordic country.

Alcohol and tobacco price variations were heavily influenced by local taxation policies, with the price of such products in Norway and Iceland roughly quadruple that of Turkey, according to the data.

Restaurant and hotel prices in Finland were also comparatively high.

However, energy prices in Finland were below the EU average while the cost of telecommunication and consumer electronics were at about the EU average.

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