Starbucks Index: Denmark Most Expensive, Turkey Cheapest
$6 for a latte is a bit steep.
Denmark has been named the most expensive country in the world to buy coffee at Starbucks, where the smallest latte costs customers $6.05. This is according to DailyMail.
The cheapest Starbucks coffee can be found in Istanbul, Turkey, where it costs just $1.78. Finder has published its latest comparative analysis of Starbucks coffee prices, covering 76 countries. The index does not account for all the variables that determine the price of a cup of coffee (the cost of beans, labour and taxes), but it provides an approximate comparison.
The next most expensive countries for Starbucks coffee are Switzerland ($5.94), Finland ($5.40), Macao ($5.21) and Luxembourg ($5.18). In New York, a latte costs $4.30.
However, coffee in Denmark is unreasonably expensive. A cup costs $6.05, while the expected price of coffee, based on the country's GDP (more than $60,000 per capita), should be just $4.20. This means coffee costs 44% more than it should.
Coffee prices should be higher in wealthier countries due to factors such as production and labour costs and taxes. Therefore, the figures more accurately reflect local residents' ability to buy coffee, rather than a true currency valuation.
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