These Are The 10 NEW Most Expensive Cities In The World
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destinations global most expensive cities tokyo travel zurichZurich moved up from the fourth place spot in the last ranking, with an index swing of 34 percentage points.
Switzerland, which pegged its Swiss Franc to the struggling Euro to maintain competitiveness, has seen its currency strengthen over the last few years, the EIU says in its report. Japan, too, which moved from first to second in the ranking, has witnessed a strong currency movement.
And the cost of white bread has risen everywhere.
The survey calculates cost of living based on numerous individual prices, products, and services, including food, clothing, home rents, and transport. Each cost of living index is set in relation to New York’s, which is pegged at 100.
For comparison’s sake, New York was #47 on the list
otzberg via Flickr
Cost of living index: 100
Loaf of white bread:
- Today: $6.06
- 5 years ago: $3.50
1 kg. white rice:
- Today: $3.78
- 5 years ago: $4.36
1 liter unleaded petrol:
- Today: $1.11
- 5 years ago: $0.64
Source: Economist Intelligence Unit
#10 Frankfurt
flickr/ Wolfgang Staudt
Cost of living index: 137
Loaf of white bread:
- Today: $3.69
- 5 years ago: $2.76
1 kg. white rice:
- Today: $5.69
- 5 years ago: $2.90
1 liter unleaded petrol:
- Today: $2.23
- 5 years ago: $1.70
Source: Economist Intelligence Unit
#9 Singapore
Wilson Loo via Flickr
Cost of living index: 142
Loaf of white bread:
- Today: $3.19
- 5 years ago: $2.31
1 kg. white rice:
- Today: $2.54
- 5 years ago: $0.95
1 liter unleaded petrol:
- Today: $1.70
- 5 years ago: $1.11
Source: Economist Intelligence Unit
#8 Melbourne
By Linh_rOm on flickr
Cost of living index: 145
Loaf of white bread:
- Today: $2.28
- 5 years ago: $2.17
1 kg. white rice:
- Today: $3.05
- 5 years ago: $1.58
1 liter unleaded petrol:
- Today: $1.50
- 5 years ago: $0.89
Source: Economist Intelligence Unit
#7 Sydney
flickr/ Aramisfirefly
Cost of living index: 147
Loaf of white bread:
- Today: $3.48
- 5 years ago: $2.41
1 kg. white rice:
- Today: $2.97
- 5 years ago: $1.53
1 liter unleaded petrol:
- Today: $1.50
- 5 years ago: $0.85
Source: Economist Intelligence Unit
#6 Paris
Cost of living index: 150
Loaf of white bread:
- Today: $6.57
- 5 years ago: $4.14
1 kg. white rice:
- Today: $3.93
- 5 years ago: $3.23
1 liter unleaded petrol:
- Today: $2.17
- 5 years ago: $1.89
Source: Economist Intelligence Unit
#5 Oslo
Cost of living index: 156
Loaf of white bread:
- Today: $5.52
- 5 years ago: $3.07
1 kg. white rice:
- Today: $4.07
- 5 years ago: $3.15
1 liter unleaded petrol:
- Today: $2.61
- 5 years ago: $1.67
Source: Economist Intelligence Unit
#4 Osaka Kobe
Cost of living index: 157
Loaf of white bread:
- Today: $6.08
- 5 years ago: $3.60
1 kg. white rice:
- Today: $5.42
- 5 years ago: $4.42
1 liter unleaded petrol:
- Today: $1.91
- 5 years ago: $1.20
Source: Economist Intelligence Unit
#3 Geneva
Cost of living index: 157
Loaf of white bread:
- Today: $6.15
- 5 years ago: $4.32
1 kg. white rice:
- Today: $4.81
- 5 years ago: $2.84
1 liter unleaded petrol:
- Today: $2.28
- 5 years ago: $1.34
Source: Economist Intelligence Unit
#2 Tokyo
Kabacchi via Flickr
Cost of living index: 166
Loaf of white bread:
- Today: $7.96
- 5 years ago: $5.03
1 kg. white rice:
- Today: $7.76
- 5 years ago: $5.27
1 liter unleaded petrol:
- Today: $1.90
- 5 years ago: $1.20
Source: Economist Intelligence Unit
#1 Zurich
flickr/ szeke
Cost of living index: 170
Loaf of white bread:
- Today: $6.15
- 5 years ago: $3.93
1 kg. white rice:
- Today: $5.38
- 5 years ago: $3.04
1 liter unleaded petrol:
- Today: $2.26
- 5 years ago: $1.36
Source: Economist Intelligence Unit
America is no slouch, either
Flickr/Loco Steve
Click here to see the 10 most expensive urban areas in the United States >
By Matthew Kassel, from: http://www.businessinsider.com/these-are-the-10-new-most-expensive-cities-in-the-world-2012-2?op=1#ixzz1mg3Hq8x4
