In 2023, the Consumer Price Index (CPI) in the Basque Country stood at approximately 119.9. In comparison with the EU27 average (126.38), the Basque Country is at a fairly low level in price terms. In analysis of regional differences, some European countries should be taken into account: Turkey (570.9), Hungary (160.6), Estonia and Lithuania (149.5) have a high CPI, above the Basque Country. In contrast, however, the figures for Switzerland (106.1), Cyprus (114.5) and Greece (106.1) were significantly lower in 2023. This places the Basque Country in an intermediate position.
A look at the trend in the CPI in the Basque Country from 2002 to 2023 shows that the consumer price index did not stop rising, from 75.9 to 119.9, representing an increase of 58.05%. Also, the biggest states, Spain, France, Belgium and Germany, also recorded a notable increase in the CPI, with the Spanish rate rising from 75.9 to 119.9, and the French one from 81.2 to 120.5. The CPI in Slovenia, Denmark and Norway also rose, from 79.7 to 131,6. Over this period, Denmark recorded the smallest increase (36.4) and Norway the largest (51.9).