Irish consumer prices are the fifth highest in the European Union, according to new figures from Eurostat.

Prices here are 18% higher than the average across the EU’s 28 member states, according to the statistics, with only clothing prices below the region’s average.

Denmark is the most expensive for consumer goods, according to Eurostat, with prices there 40% higher than the EU average.

Swedish prices were 30% above average, while prices in Luxembourg and Finland were both 23% higher.

The price of alcoholic and tobacco products in Ireland were by far the highest in the EU, according to the figures, standing 78% higher than the average.

Consumer electronics were 5% higher, restaurants and hotels were 28% higher, while food and non-alcoholic beverages were 17% higher.

Bulgaria has the lowest consumer prices in the EU, according to Eurostat, standing 52% lower than the average.