The SHOCKING Prices Of Everyday Items Around The World
Published -
- March 21, 2017
- 5:00 pm
$1000 apartment vs. $6000 apartment. $5 food vs. $50 food. Find out the prices of common items throughout the globe, like makeup, shoes, Uber ride, a car, a Starbucks coffee, etc.
Similar products are sold across the globe, but their prices can vary drastically. Based on specific factors, such as taxes and import duties, a product can have a $1 price tag in one country and a $50 price in another. Here’s a closer look at the cost of living around the world.
MAC cosmetics is a favorite makeup brand amongst beauty lovers, but depending on where you live, you may be paying a much higher price to get your hands on their products. When it comes to the brand’s standard lipsticks, they cost $17 in the United States. But in Germany, you’ll be paying $31.20, in Japan they cost $34.73, and in Australia, you’ll pay a whopping $36 just for one tube of lipstick.
What are some factors that contribute to the varying cost of everyday items around the world?
The prices of everyday items such as food, clothing, and household products vary greatly around the world, shocking many consumers. These prices depend on a variety of factors including a country’s economy, supply and demand, government regulations, and trade policies. Here are some surprising examples of the cost of everyday items in different parts of the world.
In Japan, a loaf of bread can cost up to four times as much as in the United States. This high price is due to the country’s limited agricultural land and high import taxes on wheat. Similarly, due to limited space and high population, owning a car in Japan is a luxury, with cars costing two to three times more than in the United States.
In Switzerland, the cost of living is one of the highest in the world. A Big Mac, for example, costs almost twice as much in Switzerland as it does in the United States. However, many Swiss citizens have high salaries to match these high prices.
In India, clothing can be incredibly cheap, with basic items such as T-shirts and jeans selling for only a few dollars. However, this lower cost often comes at the expense of garment workers in sweatshops who are paid unfairly and forced to work in unhealthy conditions.
In South Africa, consumers must deal with high inflation rates, causing the cost of everyday items to soar. In 2021, the price of bread increased by over 10%, while the cost of electricity rose by nearly 15%.
These examples illustrate the range of prices for everyday items around the world, underscoring the importance of understanding economic disparities between countries. For some, high prices are a relative non-issue, but for others, it can greatly impact their ability to afford basic needs. Recognition of these differences can lead to improved global policies and greater global cooperation in addressing these inequalities.
