Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

What Vice Costs - The World's Cheapest (& Most Expensive) Countries For Drugs, Booze, & Cigarettes

Indulging in a weekly habit of drugs, booze and cigarettes can cost you as little as $41.40 in Laos and a whopping $1,441.50 in Japan, according to the Bloomberg Vice Index.

Bloomberg compared the price of a basket of goods — tobacco, alcohol, amphetamine, cannabis, cocaine and opioids — in more than 100 countries relative to the U.S., where your fix of the vices adds up to almost $400, or about a third of the weekly income.

Here is the full basket of vice that Bloomberg is comparing: a pack of cigarettes, most popular and premium brands; a bottle of alcoholic beverages, including beer, wine and spirits; a gram of amphetamine-type stimulants, including amphetamine, methamphetamine and/or ecstasy; a gram of cannabis, including marijuana herb, hashish resin and/or cannabis oil; a gram of cocaine, regardless of salts, paste or base forms; a gram of opioids, including heroin and/or opium.

However, looking at the basket of vices relative to income unveils a few surprises.

Under that criteria, high-income nations such as Luxembourg and Switzerland offer the best value.

In Venezuela, however, rampant inflation means locals would have to spend 17 times their weekly wages for a bottle of beer, a packet of smokes and a gram of cocaine.

 

Yet another reason to leave Venezuela (if you can).