As Oktoberfest, the largest beer festival in the world, is approaching, many travelers start booking a hotel in Munich, but that is not the only place where it is possible to enjoy the popular drink. A new study analyzed beer prices in different parts of the world and detected countries with cheapest and most expensive places to drink beer.
Experts from ECA International prepared the new edition of their Cost of Living report that now includes beer prices. According to this document, we can find out that beer has become 8% more expensive than last year. A Bavarian beer now costs £5.66. Fans of beer from the UK can pack their suitcases and book a Munich hotel as it is beneficial for them to visit Oktoberfest in the German city. Beer in Munich bars and pubs is roughly 20% cheaper than in London.
Dhaka, Bangladesh, is definitely not the best vacation destination for fans of beer as it is the most expensive place to drink beer in the world. A bottle of beer costs as much as £13.06 in Dhaka. London prices have grown significantly within the last 12 months. An average price of a 500ml beer bottle is £6.99 in the British capital.
Even though beer prices in Munich are also growing slowly, the drink is still significantly cheaper than in many countries of the world. Alcohol taxes are one of the reasons for that. While these taxes are relatively small in Germany, they are higher in the UK and Ireland. The outrageously high price of beer in Dhaka also has an explanation only foreigners are allowed to drink beer in the country, and it is sold in selected restaurants and hotels only, so the supply is extremely low.
Now, what is the cheapest place to drink beer in the world? Surprisingly, it is far away from Europe. Maseru in Lesotho is the city with the cheapest beer in the world according to ECA. An average bottle price is just £2.13, which is more than two times cheaper than in Munich. The reason for that is economic due to the weak African currency, all prices are quite cheap in comparison to the euro.
Perhaps, not many beer fans are ready to book a flight to Lesotho to enjoy beer. They don’t need to because there are many cheap options not far from home. For example, consider finding a hotel in Brno, the Czech Republic, where a bottle of beer costs only £2.20. Madrid also has cheaper beer than Munich (£4.55). Reykjavik has the most expansive beer in Europe an average cost is £12.16 per bottle. Oslo is a bit cheaper - £11.42 per bottle. Alcohol has always been very expensive in Scandinavia as there is traditionally a very high tax imposed on all alcoholic drinks.