Melbourne tops Oasis Index as most expensive city to drink and smoke

The Oasis Index is a survey which measures the price of five beers and two packs of cigarettes in different cities across the world.

Its latest data has Melbourne as the most expensive city, with the average cost of five beers and two packs of cigarettes sitting at $US111.

Judo Bank chief economic advisor Warren Hogan told 3AW Breakfast hosts Mark Allen and Russel Howcroft this report is a direct result of government taxes.

Press PLAY to learn more about the economics behind this data

“This is just essentially another indicator, a severe one, of just how bad our cost of living crisis is and how unwilling and unrespectful our government is of that issue,” he said.

Press PLAY to hear which cities ranked just below Melbourne on the index

Shanghai, China, was the cheapest city at just $US10, with Rio, Brazil, just above it at $US11.

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