The price of wine and petrol
Wine and petrol, two liquids that help me function every day. Both are taxed and both are subject to inflation. I wonder how tightly the prices are correlated? If I'm still blogging in years to come I will revisit the relative price of a tank of petrol (for a small car) and the price of a bottle of "poor man's Grange".
technorati tags: wine
7 comments:
Well considering that Grange was sold for 15 shillings or $1.50 in 1952...
56 years at a rate of 11.29%...
Edward
I'm probably living the 'good life' here in HK. No car so no petrol and the wine import duty tax has finally been cut. Last year it went from 80% to 40% and in this year’s budget it was recently abolished. I'm probably living in the only place in the world where wine has got progressively cheaper over the last couple of years.
If only restaurants would drop there prices to match rather than increasing them.
Andrew
Phil,
How much was a litre of petrol in 1952 though? :)
Andrew,
HK has become even more of a wine lovers paradise, and the decision to lift the tax on grog is yet aother reason to visit the place.
Could you please provide tasting notes on the petrol? If wine prices rise I may consider switching.
Interesting proposition and not a million miles away from the concept of Mars Bars as a virtual currency
Tim,
I've a cold which seems to have developed in the last day, so I wonder if I could even taste petrol. . .
Alistair,
Thanks for the pointer to the FT article. Very appropriate as I was in part thinking of the big mac index published occasionally by the sibling publication, the Economist.
Originally I had wanted to work out the various input costs that go to make up the final retail price of a bottle of wine, but that proved more difficult that I had imagined.
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