International price comparison: Data collection of food, beverages and tobacco prices
The aim of the international price comparison is to produce country-specific purchasing power parities. Purchasing power parity is an exchange rate by which the prices of commodity baskets in two countries are made equal in a common currency.
The data collection is based on Regulation (EC) No 1445/2007 of the European Parliament and of the Council.
Consumer prices are collected six times during three years for the international price comparison. The schedule for the next price survey is:
- 2024 spring: food, beverages and tobacco
- 2024 autumn: clothing and footwear
- 2025 spring: domestic appliances and other household commodities
- 2025 autumn: motor vehicles, restaurants and hotels
- 2026 spring: services
- 2026 autumn: health care and furnishings
In addition, prices are collected every two years for machinery and equipment for the price comparison of investment commodities.