Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of various goods and services from a purchase-price parity basis. And as we did last year, we focus on one specific subindex: that looking at the price of “cheap dates” around the world.
The index consists of i) a standard bouquet of roses, ii) cab rides, iii) pizza, iv) a soft drink, v) two movies tickets and vi) a couple of beers. While once again there is no data on the “hit rate” of said basket in culminating with a desired date “end goal”, what is clear is that the disparity between the most (London ) and least expensive (Mumbai) place for a cheap date is vast, at nearly five times, yet the difference continue to surge (the rich are getting richer, the poor are getting poorer, but all want to procreate) and is nearly double the 250% difference observed just one year ago.
And as an appendix, those lucky enough to succeed with the “cheap date” cocktail above will be curious to know the relative price in USD of a pack of Marlboro cigarettes across the world. The most expensive place to buy smokes is once again down under, while for the second year in a row one can’t beat the Philippines price for a back of ‘Boros.
via Zero Hedge http://ift.tt/1nKvlSE Tyler Durden