Hong Kong coffee has ranked top of the world – in a dubious honour as the most expensive.
Research house Voucherbox.co.uk has released rankings showing the most expensive cities in the world to buy a cappuccino.
Top of the list were Hong Kong and Dubai at £2.94 – a full 10 pence above third rated Paris. Seoul in 4th and Singapore in fifth were the only other Asian cities on the list at £2.77 and £2.69 respectively.
The rankings are based on the average price of a medium sized cappuccino at McDonald’s and Starbucks stores – so while the sample size for each city may be lacking, it reflects pricing by the same retailers in different markets – somewhat like the Economist’s annual Big Mac rankings using the popular McDonald’s burger as a benchmark of consumer pricing.
Tenth on the list – it only goes to 10 – is Istanbul where a cappuccino will cost you half as much as it does in Hong Kong.
Here is the full list:
1 =Hong Kong: £2.94
1 = Dubai: £2..94
3. Paris: £2.84
4. Seoul: £2.77
5. Singapore: £2.69
6. New York: £2.67
7. London: £2.57
8. Bangkok: £1.75
9. Kuala Lumpur: £1.73
10. Istanbul: £1.62