1. Coffee: Oslo.
A Starbucks latte is $9.83 in Oslo. It’s $2.50 in New Delhi.
2. iPhone: Russia.
An iPhone 5 is $3,755 in Russia. It’s $649 in the US.
3. McDonald’s: Venezuela.
A Big Mac is $9.08 in Venezuela. It’s $2.19 in Hong Kong.
4. Movies: Tokyo.
A movie ticket is $18.15 in Tokyo. It’s $4.86 in Johannesburg.
5. Gas: Hong Kong.
A gallon of gasoline is $8.59 in Hong Kong. It’s $3.75 in the US.
6. Flowers: Australia.
A bouquet of roses, with doorstep delivery, is $139 in Australia. It’s $59 in Germany.
7. Cars: Singapore.
A new Volkswagen Golf is $110,381 in Singapore. It’s $23,720 in San Francisco.
8. Sneakers: Russia.
A pair of Adidas Superstar 2s is $169.92 in Russia. It’s $50 in China.
9. Cigarettes: Melbourne.
A pack of Marlboro cigarettes is $17.21 in Melbourne. It’s $1.10 in Manila.
10. Bread: Caracas.
A loaf of bread is $9.40 in Caracas. It’s $0.86 in Mumbai.
11. Fancy Hotels: Sydney.
A room at the five-star Hyatt Regency is $933.20 in Sydney. It’s $82.10 in Kuala Lumpur.
12. Jeans: Moscow.
A pair of Levi’s 501s is $135.04 in Moscow. It’s $47 in Boston.
13. Office Space: Hong Kong.
The average monthly rent for a 1,000 square foot office is $16,131 in Hong Kong. It’s $1,404 in Chicago.
14. Rental Cars: France.
Renting a basic sedan for a day is $188 in France. It’s $36.40 in China.
15. Magazines: Japan.
A copy of The Economist is $12.85 in Japan. It’s $3.66 in India.
16. Health Insurance: United States.
The annual premium for basic health insurance is $5,615 in the US. It’s $92 in Singapore.
All data taken from Deutsche Bank Markets Research’s recently released report, “The Random Walk: Mapping The World’s Prices 2013” [PDF], that examined changing prices of common goods and services around the world. Within the report, all local prices were converted to US dollars for comparison, and all high prices shown were the top reported prices in their individual categories. The cause of price discrepancies across countries for comparable products varies — for commodities like iPhones or Big Macs, price differences are largely a result of skewed exchange rates. For others, labor costs, regulations, and other local factors drive up prices.
Correction: The most expensive movie tickets are sold in Tokyo. An earlier version of this post misstated this fact. An earlier version of this post also included public transportation prices, but source data in that category appears unreliable, so it has been removed.
- And how well do you know what happened in the news this week? Take our quiz. ›