Posted November 06, 2020 09:10:50When the weather gets bad, what’s most expensive?
For most people, that’s a $100 steak.
But that’s just what many are going to be paying for in the next two weeks as the mercury dips to around 30 degrees Celsius.
And the cost of a typical meal will go up from $7.49 to $10.75.
So is it really worth spending $10 a day?
According to a new study published in the British Medical Journal, the answer is probably not.
It found that the average person spends about $20 a day on food, but the average American spends about 10 times that.
What’s more, the costs of a single meal are rising at a rate that is roughly double the rate of inflation.
The study looked at the prices of two meals at the end of November and found that people in the US were paying $7 on average per meal.
In Germany, it was $9.45, in Italy it was €9.69, in France it was 5.50 euros and in Spain it was 8.95 euros.
While the average cost of an average meal is about $7, it can be considerably higher if you’re in a country with a high rate of food inflation.
For example, the cost per pound of cheese at the French market in the centre of Paris rose from $1.85 to $3.05 over the past 12 months.
So what’s driving up the prices?
The main reason for rising prices is that food has become more expensive in recent years, says Dr Mark Dorn, an economist at the University of Leeds in the UK.
In addition to the cost for the produce, the price of milk has increased, and there has been an increase in the number of packaged foods that are being sold.
Dr Dorn told the BBC the main reason people are paying more for food is that they are trying to save money.
“It’s just that when you go to a restaurant and you order a sandwich or a cheeseburger, the prices are going up in terms of the calories and the fats and the carbs and the sodium,” he said.
But what about those in countries where inflation is low?
According the study, people in countries with relatively low inflation are spending more on food.
In Britain, for example, there is a large difference in average weekly wages between those in the south of England and the north of England.
The average weekly wage for the south is £3.50 compared to £3 in the north, while the average wage in the Midlands is £2.90 compared to a similar wage in Wales.
But if people in these regions are paying the same for food as the rest of the country, the difference in wages is not as dramatic as it is in the rest.
In fact, the wage difference between south and north in the United Kingdom is actually slightly less than in France.
For those who are in the middle of the UK, however, the gap is more significant.
The British average weekly pay is £1.90, compared to an average wage of £2 in the northern half of the United States.
For people in central and eastern Europe, the differences between wages are even more pronounced.
In France, for instance, the average weekly earnings for workers in the Republic of Macedonia are around €5, compared with an average of €8 in the German regions.
In the UK and in countries that have relatively low levels of inflation, this is often why prices are so high.
But in countries like Spain, for which inflation is very high, the figures are even worse.
In Spain, the median weekly wage in February 2019 was €8.70 compared to €8 a week in the southern half of France.
The BBC reported that the UK is on track to record the highest inflation in the EU in 2019.