What do Slovaks spend the most money on? We belong to the European average

According to Eurostat, the second most expensive item was food with a share of 17.2%. These costs have increased by more than 2 percent since 2006.

“In the case of housing, there is a decrease in costs from 2006 to 2017, whereas commodity markets declined towards the end of the period under review cen. However, since 2018 we see that rising energy costs, but also rents cause us to reach a level in the costs incurred before the crisis years. At that time, we gave up to a third of housing from the total monthly household expenses, “said Lenka Buchláková, analyst at Slovenská sporiteľňa.

While in 2018 Slovaks gave about 2% for education from monthly expenditures, last year this figure fell to 1.7%. They saved more also in recreation and culture, which accounted for 8.8% of total costs, this is a year-on-year decrease of 2%. Compared to EU countries, they had Slovaks have one of the highest housing costs in the past year, but also food and soft drinks. It did not have a significant effect on the lower prices or the introduction of lower VAT on selected types of food.

According to the analyst, a number of others are involved in food pricing factors such as seasonality in fruit or vegetables. In the case of sugar for example, there is a significant reduction in prices due to the abolition of quotas and surpluses sugar on the market.

Overall, Europeans from the 27 EU countries spend the most from family budgets to housing and energy costs, up to more than 24% of total expenditure. The second most expensive item is with 13% transport, food and soft drinks cut 12% of the total disposable income of the average European household.

According to Eurostat, the second most expensive item was food with a share of 17.2%. These costs have increased by more than 2 percent since 2006.

“In the case of housing, there is a decrease in costs from 2006 to 2017, whereas commodity markets declined towards the end of the period under review cen. However, since 2018 we see that rising energy costs, but also rents cause us to reach a level in the costs incurred before the crisis years. At that time, we gave up to a third of housing from the total monthly household expenses, “said Lenka Buchláková, analyst at Slovenská sporiteľňa.

While in 2018 Slovaks gave about 2% for education from monthly expenditures, last year this figure fell to 1.7%. They saved more also in recreation and culture, which accounted for 8.8% of total costs, this is a year-on-year decrease of 2%. Compared to EU countries, they had Slovaks have one of the highest housing costs in the past year, but also food and soft drinks. It did not have a significant effect on the lower prices or the introduction of lower VAT on selected types of food.

According to the analyst, a number of others are involved in food pricing factors such as seasonality in fruit or vegetables. In the case of sugar for example, there is a significant reduction in prices due to the abolition of quotas and surpluses sugar on the market.

Overall, Europeans from the 27 EU countries spend the most from family budgets to housing and energy costs, up to more than 24% of total expenditure. The second most expensive item is with 13% transport, food and soft drinks cut 12% of the total disposable income of the average European household.