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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