Re:Onion Map
by kirubakaran on Wednesday September 03, 2008 @04:37PM
(#294208)
Latte Index
http://money.cnn.com/2004/01/16/news/funny/latteindex/
I wonder what this kind of variation tells us:
'Starbucks latte and the Big Mac cost $2.80 in the United States. In Hong Kong, a tall latte is $3.22, but a Big Mac is only $1.54'
Starbucks latte and the Big Mac cost $2.80 in the United States. In Hong Kong, a tall latte is $3.22, but a Big Mac is only $1.54
My first instinct is that the Hongkongnese don't drink coffee.
Re:Onion Map
by kirubakaran on Wednesday September 03, 2008 @09:36PM
(#294422)
May be. But the two products target completely different demographics.
I like the "Big Mac" index. In the US, I use the "Starbucks Late" index, when compare costs between cities. They seem to reflect the local cost of living pretty well.