Sri Lanka, which shared the top spot with Spain last year, has been pushed down to the 15th place with highest price rise in the 44 destinations surveyed.
Prices were down in 70 percent of the 44 destinations surveyed by the Post Office for the annual report's Worldwide Holiday Costs Barometer while Sri Lanka registered the barometer's highest price rise of 38 percent.
The Post Office barometer monitors the price of eight tourist items in over 40 destinations worldwide - including dinner for two, drinks and sun cream.
Compared to Sri Lanka, Bali's prices were a third cheaper, the report notes. Sri Lanka's prices rose to £48.84 while Bali's price dropped to £31.48 this year.
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