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Being an economics student (both words are crucial), I have been especially attentive to differences in the costs of material goods. I won't even comment on taxes and government provided goods...

Cheaper in Germany:

Groceries. I paid €0,45 for a standard loaf of bread. I couldn't believe it. Marcus told me that Walmart had a limited existance in Germany. He predicts that they had to withdraw because they were not anticipating such a cuthroat market for foods.
Digital Cameras, conveniently. I am so thrilled with my new, green, bargain, 9.1 megapixel camera that I really must post a picture.

Cheaper in America:

Gasoline. You pay by the liter, naturally.
Clothing. With exceptions, of course. But this line item makes me especially sad.

Laptops. Glad I bought mine before we left. I wonder why certain technologies cost more than others... Perhaps it is because Apple prices everything exactly the same, nominally, across markets. Even iTunes songs cost €0,99 here. When adjusted for currency exchange and sales tax, Apple products are significantly less expensive in America.