Price comparison: One dozen macaroons

Macaroons are light baked confections that could best be described as either small cakes or cookies depending upon their consistency. And while the exact origins of macaroons are uncertain (most likely Italy and France), what is certain is that variations of the recipe have been enjoyed for over 500 years.

Hence, the Asian Wall Street Journal’s weekly Arbitrage column has recently conducted a survey of prices for a one dozen macaroons in various cities in Asia and around the world. The survey found that prices were highest in Tokyo and New York City and lowest in London and Frankfurt with other cities somewhere in between.  

Price Comparison*

Tokyo	2,652 Yen	US$28.23
New York City	US$27	US$27
Sydney	A$28	US$25.97
Paris	€18	US$24.07
Hong Kong	HK$168	US$21.64
Shanghai	130 Yuan	US$19.04
Brussels	€13.5	US$18.05
Singapore	S$25	US$17.60
London	11.30 Pounds	US$17.22
Frankfurt	€12	US$16.04

* Prices are based upon foreign exchange rates as of April 7, 2010.