Violations of purchasing power parity

Mercer Human Resource Consulting, which publishes an annual list of the cost of living in cities worldwide, recently put Buenos Aires 142nd, out of 144 cities ranked. What was slightly more expensive than Buenos Aires? Bangalore, India. The only two cities that were cheaper were Manilia, Philippines and Asuncion, Paraguay.

Here is the link.  Yes you can get excellent pasta here for two dollars or less, or a nine-piece stainless steel knife set for $27.  Many of the best restaurants offer entrees for seven or eight dollars.  Some good and apparently legal CD collections can be had for two or three dollars a piece.


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