World’s most expensive & cheapest cities revealed

0
138

It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally.

The survey compares the cost of common items, such as bread, in 133 cities.

It then tracks whether prices have gone up or down by comparing them to the cost of living in New York, which is used as a benchmark.

The average cost of a women’s haircut, for example, costs $119.04 in Paris, compared to $73.97 in Zurich and $53.46 in Japanese city Osaka.

“European cities tend to have the highest costs in the household, personal care, recreation and entertainment categories-with Paris being a good representative in these categories—perhaps reflecting a greater premium on discretionary spending,” Ms Slavcheva said.

The ten most expensive cities in the world

1. Singapore (Singapore)

1. Paris (France)

1. Hong Kong (China)

4. Zurich (Switzerland)

5. Geneva (Switzerland)

5. Osaka (Japan)

7. Seoul (South Korea)

7. Copenhagen (Denmark)

7. New York(US)

10. Tel Aviv (Israel)

10. Los Angeles (US)

Inflation and volatile currency fluctuations helped drive changes in this year’s ranking, with places like Argentina, Brazil, Turkey and Venezuela all seeing a sharp fall in their cost of living ranking.

The ten cheapest cities in the world

1. Caracas (Venezuela)

2. Damascus (Syria)

3. Tashkent (Uzbekistan)

4. Almaty (Kazakhstan)

5. Bangalore (India)

6. Karachi (Pakistan)

6. Lagos (Nigeria)

7. Buenos Aires (Argentina)

7. Chennai (India)

8. New Delhi (India)

Courtesy:BBC

In case you missed it:   10 Tips To Study Better During Exams (Video)