Based on rough purchasing power theory, because the cost to make pancakes is so cheap in the United States, this suggests that prices (at least for pancake ingredients) are likely headed higher in the U.S. I hasten to add that productivity in a given country, labor costs, local regulation, tariffs and many other factors, make a direct comparison impossible . So please add plenty of maple syrup to this analysis.
"Economist Intelligence Unit"??? An oxymoron in the wild, caught in its natural habitat...
ReplyDeleteBetter than maple syrup, lemon juice and sugar
ReplyDeleteLike you said, I'd be interested to see other factors rolled into the analysis. For example, no doubt federal farm subsidies are keeping the US prices much lower than they'd otherwise be in a free market. I wonder how the countries stack up on that parameter in particular.
ReplyDeleteHere in Holland they are even cheaper than in the US. I also see a gap between the European countries. Even though our salaries are higher than in most other European countries our prices remain cheaper. Only houses and gasoline (almost 9 dollar per gallon) are ridiculous expensive here.
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