This is how much a cappuccino costs worldwide
This post has been updated.
According to a new study, Milan is the cheapest city in the world to buy your morning coffee.
Deutsche Bank has released its eighth annual report, “Mapping the World’s Prices,” which compares and contrasts the costs of everything from haircuts to iPhone Xs in 55 major cities around the world.
The Italian city of Milan turned out to be the cheapest city in the world for a cappuccino, where the average price was $1.70 (£1.33). Last year, the average price was even lower than the year before ($1.90 (£1.49)).
Italy has long been known for its coffee culture and is Europe’s second largest importer of coffee beans. Italians usually drink cappuccino for breakfast and prefer espresso after lunch.
“If you are a connoisseur of the best coffee (in this case a cappuccino), then you need not leave the home of coffee in Milan,” Deutsche Bank strategists Jim Reid, Craig Nicol and Henry Allen wrote in the report. “It costs three times as much in Copenhagen, Dubai, Hong Kong and Oslo.”
Copenhagen turned out to be the most expensive city in the world for a morning pick-me-up. A cup of coffee costs an average of $6.30 in the Danish capital.
The ten cheapest cities in the world for a cappuccino are:
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Milan, Italy – $1.70 (£1.33)
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Buenos Aires, Argentina – $1.90 (£1.49)
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Rome, Italy – $2.00 (£1.56)
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Cape Town, South Africa – $2.10 (£1.64)
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Johannesburg, South Africa – $2.10 (£1.64)
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Istanbul, Türkiye – $2.20 (£1.72)
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Rio de Janeiro, Brazil – $2.30 (£1.80)
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Sao Paulo, Brazil – $2.30 (£1.80)
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Cairo, Egypt – $2.30 (£1.80)
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Madrid, Spain — $2.70 (£2.11)
Deutsche Bank’s ranking is based on data collected by Expatistan, a cost-of-living comparison service that uses crowdsourced price data.
“While it is impossible to match products and services exactly around the world, we try to ensure as much consistency as possible and then convert the prices back into US dollars,” wrote the Deutsche Bank team. “We mainly use crowdsourcing as input data.”
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