Starbucks cost the same on both sides of the border August 11, 2008Posted by Raul in random thoughts.
Tags: purchasing power parity
I am SO incredibly shocked. A latte in Vancouver = $3.50 CND. A latte in Mexico City = $35 pesos (aka, pretty much 3.5 CND). Some people may not think that this is even worth blogging, but I’m trying to get back into the groove after everyone here (Mom included) has insisted that I try to get slowly back into the swing of things.
I had heard about the Big Mac Index before, but I didn’t know we had parity on Starbucks. The shocking thing is that, with the salaries here (for an Average Joe), I would think they wouldn’t want to buy it. I normally don’t buy Starbucks anyways, but I was kind of shocked. Thoughts?