Singapore retains the title of the world’s most expensive city.
According to the Economist Intelligence Unit's (EIU) bi-annual Worldwide Cost of Living report, Singapore is ahead of many global cities in terms of cost of living.
The Worldwide Cost of Living is a bi-annual survey that compares more than 400 individual prices across 160 products and services.
The report which covers 133 cities, compares the cities with New York set as the standard base (score - 100).
Take a look at the world’s 10 most expensive cities…
Singapore
Rank: 1
Index score: 129
Cost of 1 kg bread: $3.54 Cost of 1 litre petrol: $1.76
Asia’s business hotspot, Singapore turns out to be the most expensive city to buy clothes and cars.
For groceries, Singapore is 11 per cent more expensive than New York.
Soaring transport costs is another dampener.
Paris
Rank: 2
Index score: 126
Cost of 1 kg bread: $8.83
Cost of 1 litre petrol: $2.40
In Paris, only alcohol and tobacco offer value for money compared with other European cities, according to the Economist Intelligence Unit's study.
Oslo (Norway)
Rank: 3
Index score: 124
Cost of 1 kg bread: $6.02
Cost of 1 litre petrol: $2.28
Oslo, the capital of Norway continues to remain an expensive city for goods and services.
Zurich (Switzerland)
Rank: 4
Index score: 121
Cost of 1 kg bread: $5.96
Cost of 1 litre petrol: $2.07
Zurich is one of the two cities from Switzerland in the list.
European cities tend to be costly in recreation and entertainment categories, according to the report.
Sydney (Australia)
Rank: 5
Index score: 120
Cost of 1 kg bread: $4.96
Cost of 1 litre petrol: $1.43
A city that boasts of high quality of living, Sydney also remains one of the most expensive cities.
Workers have a higher purchasing power as well.
Melbourne (Australia)
Rank: 6
Index score: 118
Cost of 1 kg bread: $4.22
Cost of 1 litre petrol: $1.42
The second city from Australia to be ranked among expensive cities, Melbourne ranks high on education, entertainment, healthcare, research and tourism.
Geneva (Switzerland)
Rank: 7
Index score: 115
Cost of 1 kg bread: $7.48
Cost of 1 litre petrol: $2.08
A global financial hotspot, Geneva is the second city from Switzerland to be featured in this list.
Copenhagen (Denmark)
Rank: 8
Index score: 115
Cost of 1 kg bread: $4.18
Cost of 1 litre petrol: $2.07
Copenhagen is the economic hub of Denmark, boasts of one of the highest wages in the world.
Hong Kong
Rank: 9
Index score: 113
Cost of 1 kg bread: $4.31
Cost of 1 litre petrol: $2.04
A major global trade hub and financial centre, Hong Kong is the second most expensive city in Asia.
Seoul (South Korea)
Rank: 10
Index score: 113
Cost of 1 kg bread: $13.91
Cost of 1 litre petrol: $1.72
Among the top 10 cities, Seoul is the most expensive city for buying bread!
Seoul is the third Asian city in the list.
