Earlier quoted context omitted.
Latte Index http://money.cnn.com/2004/01/16/news/funny/latteindex/ I wonder what this kind of variation tells us: 'Starbucks latte and the Big Mac cost $2.80 in the United States. In Hong Kong, a tall latte is $3.22, but a Big Mac is only $1.54'
Starbucks latte and the Big Mac cost $2.80 in the United States. In Hong Kong, a tall latte is $3.22, but a Big Mac is only $1.54 My first instinct is that the Hongkongnese don't drink coffee.
May be. But the two products target completely different demographics.