The results of a new study should
prove invaluable to wine tourists. The research has shown the five most
expensive cities on earth to buy a glass of wine.
Wine travel
Travelling the world to
experience different wine cultures can be an incredibly fruitful endeavour. It
can allow you to learn more about grape production, give you the opportunity to
sample local varietals and provide you with the chance to visit some of the
most famous wine bars on earth.
Ideal Wine Company previously
revealed what we believe are the top
five wine destinations of 2016. They included fabulous metropolises such as
Porto, the global capital for the Port wine industry and Hong Kong, where you
can find some of the most breath-taking Bordeaux's you’ll ever taste.
Expensive cities
The latest version of The
Economist’s bi-annual ‘cost of living report’ has shown which cities have the
most expensive wine prices. Online industry portal The
Drinks Business explains that this study determines a city’s overall cost
of listing by considering over 50,000 individual prices throughout more than
400 products and services.
The report looked at everything
from the cost of pint of milk to the price of a bottle of wine. Through this
analysis the research discovered that overall, Singapore is the most expensive
city in the world. This is the third year in a row the South East Asian
metropolis has earned this title, “but its lead over the next two cities in the
ranking has nearly evaporated.”
Further analysis
Continuing, the report writes: “Zurich and Hong Kong follow closely in joint second
place, with Hong Kong climbing seven places up the ranking in the last 12
months. London, New York and Los Angeles also move up the ranking to 6th, 7th
and 8th place, respectively, displacing Sydney, Melbourne and Oslo from the ten
most expensive cities.
“New
York and Los Angeles move up the ranking because of currency headwinds rather
than significant local price rises. In fact, the opposite may be true. With the falling cost of oil and a
strong US dollar pushing down prices, local inflation has been relatively low
across the US. Despite this, New York is in its highest global position since
2002 and has risen by some 42 places up the cost of living ranking since 2011,
when it was barely among the 50 most expensive cities, let alone the top ten.”
Take it online
Rather
than buying a glass of wine, you may wish to take the more cost effective
option of purchasing a bottle online. Figures from Rabobank, a financial services
company, suggest that Britons are increasingly buying wine online. At online wine retailer Ideal Wine Company, you can
find a great selection of Bordeauxs for prices your wallet is sure to love!
