A new price study has found that earners in Ireland must work 12 minutes to be able to afford a cup of coffee.
The calculation was made by international e-commerce company Picodi.com, which provides discount coupons for online stores in 41 countries, including Ireland.
It claims that the 12-minute work time by workers in Ireland ranks us 10th out of 102 countries across the globe.
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A spokesperson explained: “In Ireland, the average price of a cappuccino is €3.37, which corresponds to 12 minutes of work for an average Irish person (10th place).
“This is shorter than in Spain (13 min), the UK (14 min) and Finland (15 min), but longer than in the USA (11 min), Switzerland (9 min) and Australia (8 min).
“Andorra ranked 1st with only eight minutes of work required, with Australia also with eight minutes, and Switzerland with nine minutes.
“Nigerians have to work for over 2 hours (135 minutes) in order to get a cup of cappuccino.
“Coffee costs the most in Denmark (€5.08), Hong Kong (€5.06) and Qatar (€5.05).
“The lowest price of a cup of cappuccino was noted in Algeria (€0.58), Tunisia (€0.70) and Ukraine (€1.07).”
Picodi.com was launched in Poland in 2010 and produced its findings in time for International Coffee Day this Saturday, October 1.
Its spokesperson added: The price of a cup of coffee (cappuccino) used in this report was taken from Numbeo.com, where hundreds of thousands of users from the whole world monitor the prices of services and goods.
“The time required to afford a cup of coffee was calculated based on the average wages, taken from websites of the official statistical offices, ministries or other local institutions.
“The prices are up-to-date. Net wages were calculated with local salary calculators.
“Monthly wages were divided by 21 (average number of workdays in a month), and then by 60 (number of minutes in an hour).”
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