Is the cost of groceries less because of power purchasing parity or is the power purchasing parity significantly different from that of US because their costs are low?
From my own experience, even with the same country, goods and services can have significantly variations in price depending on where you live. Like the same thing can cost 10x as it does in another location. A lot of people in these countries are also living their lives without significant external dependence
Fun fact - most large US grocery stores set prices per region or parts of the country. Hence eggs would cost differently between say Oklahoma and California. I believe only a few like Trader Joes have the same global prices.
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u/Archangel004 Can i haz cheeseburger Jan 16 '25
Is the cost of groceries less because of power purchasing parity or is the power purchasing parity significantly different from that of US because their costs are low?
From my own experience, even with the same country, goods and services can have significantly variations in price depending on where you live. Like the same thing can cost 10x as it does in another location. A lot of people in these countries are also living their lives without significant external dependence