Living in Portugal is cheap

Figures released last week by Eurostat showed that within the Euro Zone Portugal ranks fourth for cheapest goods and services.

Out of the 16 European Union member states, in 2008 Portugal was the fourth cheapest country in which to live. Only in terms of cars was it more expensive than its counterparts.

Eurostat discovered that prices for goods and services in Portugal are, on average, 20 percent lower than in most of the other 27 EU countries, and is the fourth cheapest out of the 16 that share the same currency.

There were two outstanding areas in which Portugal does not have more competitive prices: personal transport and electronic products.

Vehicles in Portugal are the third most expensive in Europe.

Regarding food, drinks (alcoholic and non-alcoholic), tobacco, reastuarants and hotels, Portugal's prices are still below the European average.

 

Source the Portugal news