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Is Hong Kong coffee overpriced?

Hong Kong coffee has ranked top of the world – in a dubious honour as the most expensive.
Research house 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

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