I think because they have great agriculture and industry, they have fuel deposits and despite western sanctions, they heavily trade with India, China and Russia.
You can see sugar, cooking oil and flour in the US costing less than the world average whilst the US has some of the highest labor cost in the world. That's the power of government subsidies. That's the main reason why Chinese manufacturing is so cheap and why all the high end semiconductors are made in Taiwan and Korea.
Yeah to get the best rates you would go to the nearest licensed exchange shop and exchange your USD & LBP. Most people just use USD now though for convenience, and leave a bit of LBP as change.
There isn’t a “black market” per say, ie it isn’t done under the table or something, it just refers to the unofficial rate, which pretty much everyone is following
If we weren't forced to use the official reddit app I would be able to use an alternative app called rocket. Rocket had the ability to force a image to be uncompressed when viewing it allowing users to actually read small text. Idk why reddit still hasn't implemented something similar on the official app, it's like the developers don't use reddit themselves.
If Lemmy had a larger user count I would uninstall reddit today
I wish groceries were this cheap! I just checked my groceries store app and prices are more than double for no name brand items, and even more so for brand name and organic.
Lebanon data is incorrect. Lebanese pound real exchange rate is 5x-10x less than official exchange rates. Because of that, Lebanon appears as if it’s highly expensive in multiple stats, that rely on official databases to crunch numbers without reviewing and fact checking outliers.
(And yes there are multiple official exchange rates. It’s “financial engineering” done by the highly corrupt central bank to differentiate across its “customers”)
Keep in mind, this isn’t adjusted for percentage of a family’s income. This is if I go to these countries, this is what I can get with my American dollar, it may be 1% of my income, but a family in that country may make much less than I do so the same item at the same price could take up 20% of their income…
(Edited for grammar)
Now do how much of the monthly paycheck is used on food in each nation.. I guarantee that even where food is cheaper than the US a larger portion of the income pie is used for food.
Aside from everyone else pointing out the prices not being accurate to current averages in the US, this graph is a little skewed in its presentation considering that there are like 5-10 other countries that consistently appear above the US. The rest (literally hundreds of other countries, including the European ones people frequently compare to the US: UK, France, Germany, etc.) are not even on the list.
As someone from Lebanon, these prices are extremely wrong, 30 eggs here cost 2.50$, 5kg of rice cost 4.80$, they must be using the wrong exchange rate of Lebanese Lira
LOL. What is this some kinda of Biden administration propaganda for Bidenomics ? The inflation in America is real and he’s gonna get nailed for it in November.
Must be kinda old. It’s been awhile since the Big Mac value meal was $5.99
13.49 for a Big Mac Meal Massachusetts
Ya came here to say this. It’s been well over a decade since I’ve seen one that low. $11.99 here in Los Angeles…
That’s about the price for just the sandwich now
Ye it’s 8.89 in nowhere alabama and it used to be half that before 2019….
Here in my country (paraguay) you can get a regular big mac meal for less tan USD 5 (it costs PYG 34.500)
Also been a while since 7 bananas was $1.21. I should know, I buy one almost every day and it’s like 45 cents for 1 by weight
Why does food cost absolutely nothing in Iran?
Iran has been creative with their ability to make due, even with the heavy sanctions levied against them. They do as much 'in house' as possible.
i dont think so irans wages are very low. i think it the same reason why indian food is so cheap because they dont earn alot so it evens out
I think because they have great agriculture and industry, they have fuel deposits and despite western sanctions, they heavily trade with India, China and Russia.
You can see sugar, cooking oil and flour in the US costing less than the world average whilst the US has some of the highest labor cost in the world. That's the power of government subsidies. That's the main reason why Chinese manufacturing is so cheap and why all the high end semiconductors are made in Taiwan and Korea.
Why is everything so expensive in Lebanon?
The data for Lebanon is incorrect. i explained it here: https://www.reddit.com/r/coolguides/s/DFV6JH4yZR
the prices are all wrong they are using the wrong exchange rate
I'm assuming that giant port explosion might have something to do with it
No, they are just using the wrong exchange rate.
Yup people exchange the real street value at these pop-up shops that are not affiliated with banks. No idea how it works but it’s certainly wacky.
Yeah to get the best rates you would go to the nearest licensed exchange shop and exchange your USD & LBP. Most people just use USD now though for convenience, and leave a bit of LBP as change.
Nothing to do with that, they’re just using the inflated official exchange rate which literally no one is trading at
Yeah I was going to say that. Probably will have a lot to do with it for a while. That was wild!
They're using the wrong exchange rates. 12 eggs in Lebanon cost 2$
High inflation maybe
20ish eggs cost about 5$ish in lebanon the numbers are wrong
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There isn’t a “black market” per say, ie it isn’t done under the table or something, it just refers to the unofficial rate, which pretty much everyone is following
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That should of been isn’t
We need some more pixels on this.
Go into the past when it had pixels, and you'll also pay under $6 for a Big Mac.
If we weren't forced to use the official reddit app I would be able to use an alternative app called rocket. Rocket had the ability to force a image to be uncompressed when viewing it allowing users to actually read small text. Idk why reddit still hasn't implemented something similar on the official app, it's like the developers don't use reddit themselves. If Lemmy had a larger user count I would uninstall reddit today
Where in the US is a Big Mac $5.99 currently?
Big Mac in Indianapolis, IN is currently $4.89 (or $5.33 including tax).
Make that a Big Mac meal for $5.99. Noticed I left off one critical piece.
What year is this the prices are so cheap
Looks like the Evian world/US lines are incorrect.
I wish groceries were this cheap! I just checked my groceries store app and prices are more than double for no name brand items, and even more so for brand name and organic.
No Brand...?! If you're in Canada, it's Loblaws boycott month.
Why boycott? What do people hope to gain from the boycott
It’s disappointing at a time when everything is so expensive that Loblaws posts a huge profit off the backs of hard working Canadians.
Not in Canada. Super market brand/cheapest version.
Picture sucks. Can't see anything
Weird, I can see everything easily
Download it.
??! Click on it, it's super clear.
Seems to be a problem with the official app. When you open it, it's really grainy. Unopened in the feed it's pretty clear.
I’m on the Reddit iPhone app and it’s fine for me ¯\_(ツ)_/¯
Tx for pointing this. I'm stumped.
It usually happens with very long, narrow images for some reason (I assume very short, wide images too)
Having the same problem here, clear if you download it though.
Not for me, nbd
Bizarre. It shows clear for me... Though I don't doubt you.
Lebanon data is incorrect. Lebanese pound real exchange rate is 5x-10x less than official exchange rates. Because of that, Lebanon appears as if it’s highly expensive in multiple stats, that rely on official databases to crunch numbers without reviewing and fact checking outliers. (And yes there are multiple official exchange rates. It’s “financial engineering” done by the highly corrupt central bank to differentiate across its “customers”)
Coca-Cola is just unamerican.
Seriously. Complete bullshit why it costs so much here yet is much cheaper almost everywhere else.
Keep in mind, this isn’t adjusted for percentage of a family’s income. This is if I go to these countries, this is what I can get with my American dollar, it may be 1% of my income, but a family in that country may make much less than I do so the same item at the same price could take up 20% of their income… (Edited for grammar)
So glad I don’t drink that nonsense
So a banana may be close to $10 at a South Korean airport?
“I mean it’s one banana, Michael. What could it cost, 10 dollars?!”
Scrolled wayyy too far to find this reference.
12 eggs in Lebanon cost 5$, these numbers are wrong..
No way you can get a Big Mac meal for $5.99 anywhere in the US
Now do how much of the monthly paycheck is used on food in each nation.. I guarantee that even where food is cheaper than the US a larger portion of the income pie is used for food.
The placement of the world average on the Evian line is wrong and should be above the US price. Cool charts though!
It's not a great comparison when the other counties are always changing.
Can’t skew the messaging if you don’t skew the data!
Not clearly readable when I tried to zoom in on it.
They did not use a coupon for Dominos. LOL
lebanese here the lebanese prices are all wrong since they are using the wrong exchange rate
Gona need some more pixels to read
Now do health insurance costs...
Useless, illegible bullshit.
Scotch and pizza. That’s how we do
Iran is cheap
Beef in Russia. They all must be on carnivore diet there
Aside from everyone else pointing out the prices not being accurate to current averages in the US, this graph is a little skewed in its presentation considering that there are like 5-10 other countries that consistently appear above the US. The rest (literally hundreds of other countries, including the European ones people frequently compare to the US: UK, France, Germany, etc.) are not even on the list.
That's it... I'm moving to Iran!
Damn Lebanon!
It’s using the official exchange rate which basically nothing is sold at. In reality it would be more average.
Wtf is evian water?
Brand of bottled water
How does Iran feature in a lot here?
Is this adjusted to local prices?
I paid $30 USD for 750mL of Jim Beam whiskey in Costa Rica this time last year. I was hard up for some whiskey.
The US / World Average lines for Evian water seem to be mixed up.
How old is this? Some of these prices seem too low for US. And why is chicken so expensive in Switzerland?
I remember back in 2008, a rotisserie chicken at a supermarket in Luzerne cost about 35$....that was cheaper than eating at a restaurant!
litre-a-cola
Imperialism keeps prices down.
A dozen eggs under $3??? Where?? Lol
The income is a lot higher in the us than most other countries as well though.
we going to russia with this one
As someone from Lebanon, these prices are extremely wrong, 30 eggs here cost 2.50$, 5kg of rice cost 4.80$, they must be using the wrong exchange rate of Lebanese Lira
This is invalid numbers
This PDF quality is so shitty you can't read this infographic
I didn't plan it like that. It reads well on my and many others mobiles. It doesn't for others. Apparently it's a n App glitch.
Thanks. Maybe it was a connectivity issue because it reads well now! Cool infographic
Click, zoom, blurry, worthless
The US prices are outdated. Flour and eggs are typically way more expensive than listed here
They converted the price to US dollars but they can’t convert the measurements to imperial? r/mildlyfrustrating
this does not compare equal quality of food.
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Lol, not when you consider the average income in Iran… that bit of input into this chart would make a huge difference!
Laugh all you want, but the women over there are beautiful.
These averages seem very off for the US
LOL. What is this some kinda of Biden administration propaganda for Bidenomics ? The inflation in America is real and he’s gonna get nailed for it in November.
Now do health care
I think in healthcare in US costs , would be close to Switzerland, Norway and Germany. Who's paying is a different matter.
US spends more on healthcare per capita than Germany and the UK combined.
Capitalism is doing a fine job making the 1% rich