According to the World Bank PPP conversion factors, in 2014, 0.86 SGD could buy as much stuff in Singapore as could 1 USD in the USA (presumably Averagetown, USA).
The market exchange rates in 2014 varied from 1.24-1.32 SGD per USD. This means that according to the World Bank, 0.65-0.69 USD could buy as much stuff in Singapore as could 1 USD in the USA. In other words, price levels were 31-35% lower in Singapore than in Averagetown, USA.
Anyone who has lived in both countries recently will find that impossible to believe, at least based purely on personal anecdotes.
So I was trying to find the data on which these numbers are based. In particular, detailed data like prices of specific goods that were used to form these PPP comparisons.
It seems like they come from the International Comparison Program (ICP) 2011. But the most detailed data I could find about the ICP 2011 was this Excel spreadsheet, which has no such information.
Anyone knows where I can find the detailed data (prices of specific goods, how they were weighted, etc.) on which these World Bank PPP conversion factors are based?