With Oktoberfest, the world’s largest beer festival, kicking off this September, a new study reveals how much beer prices rise in Munich ahead of Oktoberfest and the world’s cheapest and most expansive places to drink beer.
The latest Cost Of Living data from global mobility experts ECA International (ECA) reveals that UK revelers will be paying eight percent more per beer than last year, with a Bavarian beer now costing £5.66.
That said, a trip to Munich Oktoberfest still represents good value for many visitors, with beers at bars and pubs costing over 20 percent less than in London and an eye-watering 130 percent less than in Dhaka, Bangladesh - the world’s most expensive place to drink a beer at £13.06 per bottle.
Prices at London pubs and bars have risen four percent in the last 12 months, with a 500ml bottle now costing £6.99 on average.
“Although the prices at Oktoberfest are slightly higher than last year, the cost of buying a bottle of beer at a bar in Munich is still significantly cheaper than many locations around the world,” said Steven Kilfedder, Production Manager at ECA International.
“Cities in the UK and Ireland have higher taxes on beer and alcohol resulting in higher prices when visiting a bar, whereas in Germany the alcohol taxes are comparably low.
“As for Dhaka, the availability of beer is extremely limited and thus, expensive, as it is only allowed to be sold to foreigners in selected restaurants and hotels” explained Kilfedder.
The findings come from ECA’s latest Cost of Living Survey which compares a basket of like-for-like consumer goods and services commonly purchased by international assignees in 475 locations worldwide. The survey allows businesses to ensure that their employees’ spending power is maintained when they are sent on international assignments. ECA International has been conducting research into the cost of living for over 45 years.
