Singapore world's most expensive city

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Offline munna99185

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Singapore world's most expensive city
« on: March 04, 2014, 03:40:53 PM »
Singapore has topped 131 cities globally to become the world's most expensive city to live in 2014, according to the Economist Intelligence Unit (EIU). The city's strong currency combined with the high cost of running a car and soaring utility bills contributed to Singapore topping the list. It is also the most expensive place in the world to buy clothes. Singapore replaces Tokyo, which topped the list in 2013. Other cities making up the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place. The EIU's Worldwide Cost of Living Survey is a relocation tool that uses New York city as a base. It looks at more than 400 individual prices. The top 10 cities this year have been dominated by Asian and Australasian cities as well as some in Europe. Most Asian cities that top the list are there for predominantly higher costs of groceries. Tokyo is still at the top of the list for everyday food items. [Source: http://www.thedailystar.net]

Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University