According to sources Singapore remains the world’s most expensive city for the fifth consecutive year, with Paris, Zurich and Hong Kong following closely behind, and according to the Worldwide Cost of Living Survey the low inflation meant Tokyo the most expensive city until 2013 dropped out of the top 10 in the Economist Intelligence Unit’s bi-annual study of 133 cities.
Sources reported that euro strength and a weaker pound saw the Irish capital Dublin overtake London, which is now ranked 30th, the report’s author, Roxana Slavcheva, told the Thomson Reuters Foundation. She said “A strong euro has driven up the relative cost of living in not just Dublin, but all eurozone cities included in the survey”.
Moreover the researchers
compared the cost of more than 400 items such as cars, food, rent and clothing.
Further as per report a loaf of bread cost $15.59 in Seoul versus $3.87 in
Copenhagen, for instance, while a bottle of table wine in Tel Aviv was $28.77
but just $8.37 in Geneva. Notably, no U.S. cities featured in the top 10, with
New York and Los Angeles ranking 13th and 14th respectively, which was largely
due to a weaker dollar.
