The cheapest you can buy everyday things around the globe (average brand from a normal outlet)
I always have an eye open for assymetry and have noticed that some things around the world are ten times cheaper in Africa or Latin America, some are 5 times cheaper and some are more expensive - the BigMacIndex does something similarish.
ThoughtStorms seems like a place to start off comparisons and then to draw conclusions. Are differences due to the costs of location advantage, transport, labour, environmental standards, tax, subsidy etc. I hope this table will explain & expand. Rup3rt
- Notes at the bottom.
- Currency in Euros! (seems http://finance.yahoo.com/m3?u (seems to stand still longer)
||1 litre UHT milk||Brazil||0.33||Belgium||0.99||300%||17.12.04||
||4 Duracell AA||Brazil||1.93||UK||2.92||151%||17.12.04||
- everyday things should exclude services, raw materials and high fluctuators(ie haircut, mango, chicken, Petrol/ Gasoline)
- normal outlet includes markets & street traders but not wholesale
Very interesting project Rup3rt. If I find any examples, I'll try to add to it :-) – PhilJones
See also :
- BernardLietaer's notion of a global reference currency
- BetterInformationSqueezesProfits (is that a reason for difference?)