Deutsche Bank is known for producing annual reports on the global economies and on the 14th of April they released one in particular titled ‘Mapping the World’s Prices 2015’. It wasn’t surprising to see its statistics highlighting that famous old gripe amongst Australians about the fact that we’re being substantially over-charged compared to the rest of the world on many things.
Although Aussies generally end up paying higher fees on products, commonly referred to as the “Australia Tax”, its not all bad though. The opening statistics within the report actually state that Australia has had the highest ‘Purchasing Power Parity’ globally for the past four years. While this helps to some degree with offsetting the sting of inflated prices, it’s always intriguing to see how much exactly we pay for common goods compared to other countries.
My aim in this post was to highlight a few of these examples and then offer suggestions of where to get them currently at the most competitive prices locally (sticking with the main objective of the Buckscoop blog).