On graph below, you can compare EU countries based on their Gross Domestic Product (GDP). The GDP value is expressed in Purchasing Power Standard (PPS) per capita. PPS is an artificial currency that eliminates differences in price levels between countries. Values you see on the graph are relative and European Union average is set to 100. Therefore, values larger than 100 mean above average GDP per capita.
Annual net income in PPS of single person with no children earning an average wage.
Next graph presents price levels in selected countries expressed as an average of Harmonised Indices of Consumer Prices (HICPs). Values are again expressed in levels and are intended for cross-country comparison. HICP. Average indices values include all items – categories of expenditures. Separate indices can be viewed by selecting them in appropriate check boxes below.
Housing is large part of any households expenditure mix. Eurostat provides a measure of development of housing prices relative to other expenditures called The deflated house price index.
"The deflated house price index (or real house price index) is the ratio between the house price index (HPI) and the national accounts deflator for private final consumption expenditure (households and non-profit institutions serving households (NPISHs)). This indicator therefore measures inflation in the house market relative to inflation in the final consumption expenditure of households and NPIs. Eurostat HPI captures price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both new and existing, independently of their final use and their previous owners. Only market prices are considered, self-build dwellings are therefore excluded. The land component is included." (Eurostat: https://ec.europa.eu/eurostat/web/products-datasets/-/tipsho10)
HICP levels during last 12 months broken down into selected categories.
HICP level change during last 12 months broken down into selected categories.