It’s been over two weeks since the last ever Air Berlin flight landed on October 27th and anyone who has bought domestic tickets since then has almost certainly noticed the difference.
Passengers flying domestically are paying on average 32.5 percent more for short haul flights compared to four weeks ago, according to an analysis carried out by MyDealz.de. The shopping portal analyzed prices on 25 short and medium haul routes in October and again in November before coming to its conclusions.
If you’re going on a certain kind of holiday, the price of a drink might take precedence over certain other factors, but even if you’re not planning on wearing a bright pink polo with a lurid slogan printed on the back, knowing the price of a pint is always useful.
The study, carried out by UK based FX comparison site Travelex, who produced an International Beer Index for 2017, looked at the average price of half a litre of beer in 32 countries which are popular holiday destinations for British holidaymakers.
Online catering marketplace, Caterwings, have conducted a study regarding the global price of basic food items, as preliminary research ahead of their expansion into foreign markets. The research highlighted in particular that the cost of meat around the world is remarkably varied. To share these insights, Caterwings have released the 2017 Meat Price Index, which details the cost of meat in over 50 countries worldwide. The study revealed that Switzerland has the highest meat prices, at 141.9% more expensive than the average cost worldwide, followed by Norway (63.7% more expensive) and Hong Kong (61% more expensive), while Ukraine has the least expensive meat prices, at 52.3% less expensive than the average cost, closely followed by Malaysia (50.3% less expensive).
The UBS Swiss consumption indicator rose to 1.38 points in June from a downwardly revised 1.32 in May, the Swiss bank’s economists said on Wednesday.
"UBS consumption indicator printed 1.38 in June, pointing to subdued growth in Swiss private consumption in recent months. Relatively weak growth in employment was much to blame for the lackluster number, however this was offset somewhat by robust new car registrations data and overnight hotel stays by Swiss nationals" the noted reported.
In June 2017, the KOF Economic Barometer rises by 3.5 points (from revised 102.0 in May) to 105.5. It thus largely recovers from the substantial decrease in the previous month. Accordingly, the short-term outlook for the Swiss economy suggests above-average growth rates.
Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday.
According to Mercer’s 23rd annual Cost of Living Survey, Luanda was the costliest city, driven by cost of goods and security, followed by Hong Kong and Tokyo at the second and third places, respectively.
Others in the top 10 include Zurich at the 4th place, Singapore (5th), Seoul (6th), Geneva (7th), Shanghai (8th), New York City (9th), and Bern (10th).
The Swedish and New Zealand housing markets are the most at risk of a correction among the so-called G-10 economies, according to Goldman Sachs. In a report on house prices in G-10 nations – those with the 10 most-traded currencies in the world – Goldman finds they are most elevated in small, open economies such as Sweden and New Zealand.
A graph in the report shows that New Zealand’s probability of a housing bust is just above 40 per cent, while Sweden’s is just above 35 per cent. The risk of a bust in Canada is about 30 per cent, while in Norway, Australia and Switzerland the probability is assessed at 20-25 per cent.
Invented in 1986 as a light-hearted guide to purchasing power parity, the Big Mac Index compares the cost of a McDonald’s Big Mac burger in countries across the world, published by the Economist.
Using the US dollar as the base rate, Switzerland won the top spot again for the most expense burgers. A Swiss Big Mac costs $ 6.35 (CHF 6.50), compared to $ 5.06 in the US, meaning the Swiss franc is overvalued by 25.5%.
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