{"id":505179,"date":"2026-06-22T09:17:15","date_gmt":"2026-06-22T09:17:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/505179\/"},"modified":"2026-06-22T09:17:15","modified_gmt":"2026-06-22T09:17:15","slug":"household-consumption-price-levels-lower-in-cee","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/505179\/","title":{"rendered":"Household consumption price levels lower in CEE"},"content":{"rendered":"<p>On the radarPoland will release series of data at 9.30 AM (retail sales growth, producer prices, employment and wage growth) for May.In Poland, industrial output growth in May was stronger than expected.Slovenia will release wage growth in May as well (due 10.30 AM CET).Economic developments<\/p>\n<p>In 2025, price levels for household final consumption expenditure differed widely across EU countries, as well as within the region. The highest price levels for household consumption were recorded in Denmark (140% of the EU average), Ireland (136%) and Luxembourg (132%). Meanwhile, the lowest levels were observed in Bulgaria (63%), Romania (65%) and Poland (73%). Thus, two CEE countries had among the lowest price levels in the EU. Hungary and Croatia had price levels for household consumption only slightly higher than Poland\u2019s, at 77% and 78%, respectively. Within the region, Slovenia and Czechia had the highest price levels for household consumption. These two countries are also the most developed in terms of <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> per capita. Price levels in the CEE region are generally lower than in the EU as a whole, mainly because CEE economies still have lower income levels, lower wages, different consumption structures and cheaper non-tradable services.<\/p>\n<p>Market movements<\/p>\n<p>CEE currencies weakened against <a href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">the euro<\/a> toward the end of last week due to global developments. Long-term yields declined. In Czechia, central banker Zamrazilova said that last week\u2019s interest rate hike should not be seen as the beginning of a monetary tightening cycle. While Czech Prime Minister Babi\u0161 expressed his disagreement with the central bank\u2019s decision, Governor Michl defended the central bank\u2019s independence. In Romania, PM-designate Ve\u0219tea submitted the government list and the 2026\u20132028 program to Parliament on 21 June, after the Social Democrats (PSD) unanimously decided to join the cabinet. At the moment, however, it remains unclear whether he can secure a clear majority.<\/p>\n<p><a href=\"https:\/\/externalcontent.blob.core.windows.net\/pdfs\/pdfs\/ERSTECEE20260622.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Download The Full CEE Macro Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"On the radarPoland will release series of data at 9.30 AM (retail sales growth, producer prices, employment and&hellip;\n","protected":false},"author":2,"featured_media":505180,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-505179","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/505179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=505179"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/505179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/505180"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=505179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=505179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=505179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}