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It’s cheaper to celebrate International Coffee Day in Australia than in 51 other countries around the world

Posted: 1 October 2019 1:31 pm
News

Man drinking an espresso and reading a newspaper at an outdoor cafe

Think Aussie coffee is expensive? Think again.

Coffee culture in Australia is second to none. Most Australians drink at least one cup each week, but we're not the only country that can't get enough of all things coffee. Around three billion cups of coffee are consumed every day around the world, sparking the launch of a global celebration in the form of International Coffee Day.

What better way is there to celebrate than to go out and treat yourself to an extra latte or cappuccino? If the cost is stopping you, you're not the only one. It's no secret that coffee prices have increased over the years, leading to more people buying espresso coffee machines to make coffee at home.

But how does the cost of our daily cuppa stack up against the rest of the world?

According to Finder's coffee index, pretty reasonably. Australian coffee is the 52nd most expensive out of 76 countries according to Finder's new coffee index, coming in cheaper than New Zealand, the US, the UK and Canada.

What's the coffee index?

Finder created a Starbucks Index to compare the cost of a cup of coffee in 76 countries around the world. To get the results, 76 people in cities all across the globe headed to Starbucks to order identical cups of coffee and see how much they cost. While Starbucks isn't the most popular chain in Australia, the international coffee giant was used because it operates in all 76 countries Finder compared.

A tall latte from Starbucks in Sydney costs $4.50, which makes Sydney the 25th least expensive city to get a cup of coffee.

The most expensive coffee in the world

The same cup of coffee costs a whopping $8.81 in Copenhagen, Denmark, the most expensive city on the list. Overall, Europeans pay the most of any region at an average cost of $5.70 for a tall latte.

The ten most expensive countries to buy a Starbucks latte are:

  1. Denmark, $8.81
  2. Switzerland, $8.64
  3. Finland, $7.85
  4. Macau, $7.58
  5. Luxembourg, $7.53
  6. Norway, $7.48
  7. Hong Kong, $6.69
  8. Singapore, $6.55
  9. Germany, $6.39
  10. Russia, $6.34

The cheapest coffee in the world

Those in Istanbul, Turkey, can enjoy the most competitive coffee prices at only $2.59 a cup. Other affordable countries to get coffee in include Egypt, Columbia and Argentina.

According to Finder's Starbucks Index, the ten most affordable countries to get a cup of coffee are:

  1. Turkey, $2.59
  2. Egypt, $2.84
  3. Colombia, $2.97
  4. Argentina, $3.11
  5. Mexico, $3.13
  6. South Africa, $3.17
  7. Bulgaria, $3.20
  8. Brazil, $3.54
  9. Hungary, $3.81
  10. Philippines, $3.91

Want to know where other countries fall on the index? Check out Finder's complete Starbucks Index 2019.

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