Manila ranked 10th among the cities where coffee is most affordable, with an average cost of $1.69, according to the 2016 Coffee Price Index.
The study undertaken by Service Partner ONE also found that Filipinos drink an average of 1.2 kilograms of coffee per capita, per year.
“Rio de Janeiro in Brazil offers the least expensive average coffee price, while Zurich, Switzerland, was the most expensive city researched,” the report read.
The study found that four of the five cities where coffee is most expensive are in Switzerland—Zurich, Basel, Bern and Geneva. Coffee was also costly in Copenhagen, Denmark, where it averaged $3.27.
To create the ranking, the research team averaged the cost of four separate types of coffee: a cup of coffee in an office, a Grande Latte from Starbucks, a medium cappuccino from an independent coffee shop and a cup of coffee at home.
The study looked into costs of coffee from various sources, not just high street outlets, in order to get a clearer picture of the overall value of coffee in each city.
“The Index presents an interesting trend in that the price of coffee within the home and office doesn’t vary much between cities within a country. However, the price of coffee in independent cafés made one of the largest differences to the overall average cost,” it read.
The research team selected Starbucks as a factor in the index as it is the most widely available, premium-priced coffee chain in the world over, and as such, offers an interesting economic barometer between countries.
The study noted that the difference in the price of a Grande Latte, ranged from $1.45 in Rio de Janeiro to $6.89 in Zurich, nearly a 400-percent price increase.
Other findings of the study are:
- The cities with the most affordable office and home coffee are Kuala Lumpur and Bandar Seri Begawan, where an average cup costs an office $0.11, or $0.09 at home.
- The city with the most expensive office and home coffee is Jakarta, at an average of$0.87 cents a cup in an office, or $0.72 cents at home.
- The city with the most affordable independent coffee shops is Bogota, where a cup of cappuccino is priced at an average of $1.64.
- The city with the most expensive independent coffee shops is Copenhagen, with an average of $6.53 for a cappuccino.
- The 2016 Coffee Price Index of online office-supply company, Service Partner ONE, detailed which cities offered the best value coffee worldwide. The survey involved 75 cities from 36 countries.
The company said it undertook the research to better understand the global economics behind coffee across different markets.
Image credits: Nonie Reyes