These are the countries where iPhones are most expensive

May 20, 2016

This article is published in collaboration with Business Insider.

A guest uses her Iphone to take pictures on the red carpet as she arrives for the screening of the film "Money Monster" out of competition at the 69th Cannes Film Festival in Cannes, France, May 12, 2016.

Deutsche Bank’s annual “Mapping the World’s Prices” report for 2016 compares prices for more than 20 common items in global cities. Image: REUTERS/Regis Duvignau

Paul Colgan

Publisher and Editor-in-Chief, Business Insider Australia

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Deutsche Bank’s annual “Mapping the World’s Prices” report for 2016 is out.

The annual report, which compares prices for more than 20 common items in global cities, is now run by strategist Jim Reid, who writes the closely followed “Early Morning Reid” note for Deutsche each day.

“Don’t lose your phone while away in Brazil, India, Sweden, Denmark or Italy” is Reid’s salient advice to travellers, as they are the most expensive countries in which to buy an iPhone.

The price in US dollar terms has actually come down a bit in Brazil over the past year as the local currency, the real, has appreciated around 10% against the greenback. But the iPhone 6 still comes at a dizzying 56% premium, when priced in US dollars.

Here’s the full list:

Cost of common items in different countries

Image: Deutsche Bank, Business Insider

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