Finland pricey but more affordable than pre-euro, Yle finds

Finland has become a relatively cheaper country to live in since joining the single currency nearly two decades ago, at the beginning of 2002

Multinational companies have largely abandoned country-specific pricing in the EU. These days, an Ikea cupboard or Apple device cost the same in Spain, Italy or Finland. Clothing and shoe purchases will also dent consumers' wallets more in the other non-Euro Nordics than in Finland, according to EU statistics office Eurostat. While the common currency seems to have harmonised pricing within the eurozone, particularly as inflation has run up prices in southern and eastern European states, many consumer goods are still more expensive in Finland. Overall, the eurozone has not smoothed salary discrepancies. German workers are still earning up to twice as much as Finnish employees. However, just two years ago hourly wages in Finland were double of those in Portugal and Greece which were struggling to cope with their respective financial crises.

- Yle.fi -

15. 10. 2018