While the price of tomatoes or rice matters when governments forecast the state of their economy, it doesn't really have much of an impact on the wealthy. What makes or breaks their bottom line is the cost of wine, dinner for two and the all important status club memberships. Keeping that in mind, Julius Baer, in collaboration with CLSA, has produced a cost-of-living-luxuriously index for Asia. We reveal their research, which will be published in full to their clients on August 29. (Click on the chart to enlarge.)
For more from Julius Baer, see yesterday's story Julius Baer CEO on wealth management outlook.