MOST EXPENSIVE CITIES IN THE WORLD

LONDON-SINGAPORE REMAINS THE WORLD’S MOST EXPENSIVE CITY TO LIVE IN,A STUDY SHOWED ON TUESDAY,WITH TWO JAPANESE CITIES-TOKYO AND OSAKA-RETURNING TO THE TOP 10 THANKS TO THE STREGTHENING OF THE YEN.
ALMATY IN KAZAKSTAN WAS THE LEAST EXPENSIVE,FOLLOWED BY LAGOS IN RECESSION-HIT NIGERIA.
ONLY ONE U.S. CITY,NEW YORK,MADE THE TOP 10 IN THE ECONOMIST INTELLIGENCE UNIT’S TWICE-YEARLY,”WORLDWIDE COST OF LIVING” SURVEY.IT CAME IN NINTH,DROPPING TWO PLACES ON A SLIGHTLY WEAKER DOLLAR BUT STILL FAR HIGHER THAN ITS NO 46 JUST FIVE YEARS AGO.
LOS ANGELES,IN 11TH PLACE,JUST MISSED THE TOP TIER.
EUROPE WAS REPRESENTED IN THE TOP 10 BY FOUR CITIES-ZURICH AT THREE,GENEVA AND PARIS TIED AT SEVENTH,AND COPENHAGEN TIED WITH NEW YORK AT NINE.
THE STUDY BASES ITS CALCULATION ON THE PRICE OF AT LEAST 160 PRODUCTS AND SERVICES INCLUDING FOOD,DRINK,CLOTHING,HOUSEHOLD SUPPLIES AND PERSONAL CARE ITEMS AMONG OTHERS,CONVERTED TO U.S. DOLLARS.
THE SURVEY SAID THE TREND IN THE LATEST REPORT WAS FOR A RESURGENCE OF ASIAN CITIES.
WITH SINGAPORE ON TOP,HONG KONG [SECOND],TOKYO [FOURTH],OSAKA [FIFTH] AND SEOUL [SIXTH] IN SOUTH KOREA ALSO MAKING IT,THE TOP 10 WAS 50 PERCENT ASIAN.
THE LIST FOLLOWS:
1.SINGAPORE
2.HONG KONG
3.ZURICH
4.TOKYO
5.OSAKA
6.SEOUL
7.GENEVA
8.PARIS
9.NEW YORK
10.COPENHAGEN
LEAST EXPENSIVE CITIES
1.NEW DELHI
2.BUCHAREST
3.KIEV
4.MUMBAI
5.CHENNAI
6.ALGIERS
7.KARACHI
8.BANGALORE [BENGALARU]
9.LAGOS
10.ALMATY

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