The World’s Cheapest (& Most Expensive) Places To Sin
By Tyler Durden
While Draghi and his co-conspirators hammer the deflation ogre in Sendai, there is some good news for those who partake of ‘sin’. Broadly speaking the cost of beer-and-cigarettes (what Deutsche Bank defines as ‘sin’) has dropped notably over the past two years with prices in Moscow and Stockholm plunging the most (while Madrid and Mumbai have risen the most). However, those looking for the cheapest way to maintain their bad habits should head to Manila in the Philippines (and avoid Melbourne, Australia).
Bad habits cost most in Melbourne, Singapore, Auckland, New York City, and London (demand-driven?)
While Manila remains the cheapest for now, we note that prices are rising rapidly, similarly so in India.
Source: The World’s Cheapest (& Most Expensive) Places To Sin
