World’s Most Expensive Cities

World’s Most Expensive Cities

Singapore has been named the most expensive city in the world for the second year in a row, on higher prices of items from wine to cars, in a new survey by the Economist Intelligence Unit. The EIU's survey comprises 133 cities worldwide and uses New York as a base. Singapore was found to be 11% more expensive than New York for basic groceries. In the island, the study found, a loaf of bread, a bottle of wine, and a pack of cigarettes will together cost the equivalent of $39.11.
 
The island nation beat Paris, Oslo, Zurich and Sydney, which also retained their spots in the ranking. The Economist Intelligence Unit report compared things like the cost of a loaf of bread to rental prices, and found the most expensive cities were in Australia, Asia and Western Europe.
 
Top 10 most expensive cities
 
1. Singapore
2. Paris, France
3. Oslo, Norway
4. Zurich, Switzerland
5. Sydney, Australia
6. Melbourne, Australia
7. Geneva, Switzerland
8. Copenhagen, Denmark
9. Hong Kong
10. Seoul, South Korea

Some of India's cities stand out as the least expensive in the world, with Bangalore, Mumbai and Chennai included in the five cheapest.

Top 10 cheapest cities

1. Karachi, Pakistan
2. Bangalore, India
3. Caracas, Venezuela
4. Mumbai, India
5. Chennai, India
6. New Delhi, India
7. Tehran, Iran
8. Damascus, Syria
9. Kathmandu, Nepal
10. Algiers, Algeria
 
..... Devashree Goenka