Traveling with inflation: These holiday destinations are really expensive
Created: 08/09/2022, 17:12
By: Sofia Wrede
Prices are not only rising in Germany.
The war in Ukraine has had an impact on the world economy.
Some holiday destinations are therefore particularly expensive.
At the latest when shopping, everyone notices: Prices are rising.
Inflation, which is a direct result of the war in Ukraine, mainly due to the energy crisis, is causing prices to soar.
Germany recorded an increase in the general price level of 8.2 percent in June 2022 compared to the same month last year.
Household energy prices in Germany rose by 39.3% compared to June 2021.
The average figures in the EU are slightly higher than in Germany: the price increase according to the Harmonized Index of Consumer Prices (HICP) was +9.6% in June 2022 in the Union, energy costs rose by 41.8%.
Prices are not only rising in Germany - the price level, for example for alcohol, has also risen on holiday.
© Eugen Haag/Imago
Here's how inflation stands in some of the most popular European destinations in June 2022:
Greece | +11.6% |
Spain | +10.0% |
France | +6.5% |
Croatia | +12.1% |
Italy | +8.5% |
Austria | +8.7% |
(Source: Eurostat)
Low Rise: Holidays in Iceland, Norway and Switzerland
And what about the three EFTA countries Iceland, Norway and Switzerland?
According to the Federal Statistical Office (Destatis), prices in countries that are expensive anyway are rising relatively little.
The price increase was +7.0% in Norway, +5.4% in Iceland and +3.2% in Switzerland.
The lower increase compared to the EU may be due to the high basic costs.
In May 2022, the price level in Switzerland was 53 percent higher than in Germany.
For this purpose, the purchasing power of private households is compared, according to Destatis.
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Thus, the inflation rate is not reason enough to relocate vacation to another country.
Switzerland remains the most expensive travel destination in Europe.
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Alcohol Prices and Inflation
If you are looking forward to cheap beer or wine on holiday, you should be careful.
Because: In most European countries, alcoholic beverages are currently significantly more expensive than in Germany.
Only in Hungary and Austria do you drink cheaper than in the Federal Republic (5 percent cheaper in Hungary, 2 percent in Austria).
Alcohol costs 16 percent more in France.
In the Netherlands, the price is 17 percent higher than in Germany.
In the far north, prices make a dramatic leap: drinks are 257 percent more expensive in Iceland than in Germany, and 217 percent in Norway.
The Federal Statistical Office collected these prices in April 2022.
