New 'beer index' rates jurisdictions' 'real' cost of living

clock • 3 min read

Since anyone can remember,  most league tables that rate the comparative costliness of key cities and countries around the world have focused on coming up with an average cost of a typical shopping basket of goods and services consumed by the average resident, or expat, living in each of  them.  Perhaps the best-known variation on this has been The Economist magazine’s Big Mac Index, which uses the cost of a single well-known item from McDonald’s franchisees around the world to compare the purchasing power of the various major currencies. Recent years have also seen attempts at iPod, Tal...

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