The meticulously researched prices range from the average electricity bill to the cost of rents in cities across the globe. Price levels extend from 1990 to the present, allowing companies to benchmark pricing policies and plan budgets worldwide. Locate the numbers you need EIU CityData contains prices on a wide range of goods and services, from food items to phone costs, recreational activities to a night in a business hotel. You can also find information on income levels in a number of key markets enabling you to calculate what your staff should be earning and what your core customers are taking home. With this service, regional and global managers can make better decisions on operational costs and pricing policies in their territories.
Traders can figure out where the highest margins are in overseas markets.
Human resources departments can use the data to calculate relocation allowances for expatriate staff worldwide. Frequent business travelers can determine costs of international trips-and finance departments can benchmark their expense claims. The prices in EIU CityData are collected twice a year by local residents who personally visit outlets to record price levels. Prices are gathered from supermarkets and mid-priced stores, enabling comparison of different types of distribution channels. These numbers reflect what the paying customer is charged as opposed to recommended retail prices or manufacturers' costs.