Margherita Index

The Margherita Index tracks the price of a Pizza Margherita in cities around the world. The cheaper the Margherita, the lower we assume the cost of living to be.

 

Place                                           Price in Local Currency                  Rating Price in USD

Rarotonga – Roadside                                     NZ$ 7.00                    *****

Rarotonga – Restaurant                                   NZ$ 17.00                       *

Tahiti – Roadside                                         XPF  850                       *****

Tahiti – Restaurant                                      XPF  1,180                                                                                              *****

Auckland – Restaurant                                    NZ$ 10.40                                                                                              **1/2

Katoomba – Restaurant                    A$17.00                         ***

Manly – Restaurant                                       A$ 16.00                         ****1/2

Bondi Pizza, Sydney – Restaurant A$24 **

Permuteran, Bali RP40,000 **

Ubud – Bali RP35,000 ****

Jemeluk Bay – Bali RP35,000 **

Vietnam

Cambodia $3 – 6 ****

6 Comments

• 
  Marianne Lancefield (M) November 7, 2012 at 10:27 am

  just loving this site – love the market research element! What a gift of a trip – enjoy x
  • 
    David November 11, 2012 at 3:02 am

    Love hearing from you. For the record, research is being conducted by two young field researchers aged 8 and 12 and their manager. Best local meals so far are Coconut Curry Fish Soup in Bali and Ota’ Ika’ (raw tuna in coconut milk) includes lemons, spring onions, tomatoes, green pepper. Both yum but I see a pattern emerging.
• 
  Iraj Abedian November 21, 2012 at 1:56 am

  You can get substantially more mileage out of your Margherita Index if you use it to measure exchange rate under/overvaluation (as per the Big Mac Index). You weren’t listening in the PPP lecture – mucking about with the girls at the back, weren’t you Dave…
  • 
    David November 21, 2012 at 8:40 am

    Iraj, excellent to hear from an old professor. PPP are just three letters whereas Margherita is a pizza. PPP is required after along day spent drinking Margherita. Does that clarify things.
• 
  Former Banker November 21, 2012 at 5:16 pm

  Hi there. Came across your site. I am running a boutique emerging market event driven absolute return ambidexterous fund of funds. Any arbitrage opportunities? Info would be appreciated. Free pizza provided from nearest global office facility.
  • 
    David November 28, 2012 at 3:47 am

    Unfortunately not taking any more funds at this stage. Index is up 20% this year vs. the Orangutan high return fund