Singapore Most Expensive City Worldwide — Economist Intelligence Unit

Singapore Most Expensive City Worldwide — Economist Intelligence Unit

While it was no surprise to see Singapore topping the list once again, mostly due to the city's high cost of owning a vehicle and its expensive clothing, the report noted that food and drink in Singapore were significantly cheaper than other ranking cities, falling closer in line with costs of living in Shanghai, ranked as the 16th most expensive city.

"There is some correlation between The Economist Intelligence Unit's cost of living ranking and its sister ranking, the liveability survey", the report noted.

In terms of food and drink, the cost of living in Singapore is on a par with Shanghai, while Seoul, Tokyo and Osaka are the three most expensive places in the world to buy staple goods, the EIU said, adding that in Seoul, topping up a grocery basket is nearly 50 per cent more expensive than in NY.

An analysis of the cost of a basket of over 150 goods in 133 cities around the world has found that London has fallen 18 places in the global cost of living ranking to 24th this year, its lowest spot in two decades.

NY was the only representative from North America, slipping to ninth from seventh due to a slight weakening of the dollar.

Syria's war : Forced evacuations begin in Al Waer
The fighters and their families are being taken to the northern rebel-held town of Jarablus on the border with Turkey. Al-Waer is the last neighborhood in the city of Homs where armed groups still spread, imposing a siege on the locals.

Thanks to the falling pound post-Brexit, London fell 18 places to 24th compared with 6th place past year.

Singapore's ranking as the world's priciest city for the fourth consecutive year is largely due to the cost of owning a auto there being the highest in the world.

Singapore, which has topped the charts as the most expensive city in the world for four consecutive years, is followed by Hong Kong, Zurich, Tokyo and Osaka, both in Japan. Although recent years have seen the relative cost of living in USA cities rise, the latest ranking reflects a fall for all but two (San Francisco and Lexington) of the 16 cities surveyed.

The most expensive 10 cities in the world were named as Singapore, Hong Kong, Zürich, Tokyo, Osaka, Seoul, Geneva, Paris, New York and Copenhagen. "Put simply, cheaper cities tend also to be less liveable". The French capital remains structurally extremely expensive to live in, with only alcohol and tobacco offering value for money compared with other European cities.

The least expensive city was Almaty in Kazakhstan.

Related Articles

  • EU, Japan To Sign Trade Agreement in 2017

    EU, Japan To Sign Trade Agreement in 2017

    Merkel invited Abe to appear at Cebit when the Japanese leader visited Germany in May previous year . President Donald Trump who has continuously taken an anti-globalization stance.
    Klopp convinced of Liverpool success

    Klopp convinced of Liverpool success

    The Citizens now sit in third place and could move level on points with Tottenham, should they secure all three points. That, in my eyes, is ludicrous but if Liverpool fans are keen for him to leave, that's fine - he can come to City.
    Carlo Ancelotti and Xabi Alonso react to 'special' Real Madrid draw

    Carlo Ancelotti and Xabi Alonso react to 'special' Real Madrid draw

    Victory at Vicente Calderon Stadium this weekend will move Atletico within two points of Sevilla with 10 matches to play. The return match will be played in Madrid six days later.
  • Wayne Rooney misses out on hearing Southgate's England vision

    Wayne Rooney misses out on hearing Southgate's England vision

    Asked if he is already thinking about playing at the World Cup in Russia, Defoe replied: "Of course, yeah". Being lucky enough to have experienced it, you just want it more and more.
    Gas prices see slight drop locally

    Gas prices see slight drop locally

    Gasoline prices between February 15 and March 20, 2009 fell a cent, while they rose 29 cents in 2016 during the same time period. But motorists locally are still paying significantly more that a year ago at this time - when the price stood at $1.88.
    Clashes in Syria's Damascus after surprise rebel attack

    Clashes in Syria's Damascus after surprise rebel attack

    Repeated peace talks over the years have failed to bring about a political solution to the conflict. Syria has been gripped by foreign-backed militancy since March 2011.
  • 'I screwed up,' Orly Airport attacker told father before assault

    'I screwed up,' Orly Airport attacker told father before assault

    Belgacem later showed up at the bar and hijacked another auto at gunpoint before showing up at the airport, Molins said. Once there, a prosecutor said, Belgacem threw a bag containing a gas can at soldiers before hurling himself at them.
    Coin-eating sea turtle nicknamed

    Coin-eating sea turtle nicknamed "Piggy Bank" dies from blood poisoning

    Playfully named Omsin, which means "piggy bank" in Thai, the beloved creature's post-surgery chances seemed positive. That became fatal after she suffered an acute intestinal infection. "We are all very sad", Chansue told Vonberg.

    British PM, Scottish leader tussle over independence vote

    The SNP is expected to win the vote in the Scottish Parliament with support from the Greens. Even so, May insisted that Britain's best days lie ahead, after the country has left the EU.
  • Family says missing teen was sexually assaulted on Facebook Live

    Family says missing teen was sexually assaulted on Facebook Live

    She told Johnson her daughter had been missing since Sunday and showed him images taken from the video of the alleged assault. The girl's mother, Stacey Elkins, said the video showed her daughter in various stages of undress with several young men.
    Tips pour in after teen taken by teacher triggers nationwide alert

    Tips pour in after teen taken by teacher triggers nationwide alert

    Cummins to pick up that phone and call someone. and let us know where you are so you can start dealing with the consequences". Cooper charged Tad Cummins this week for a sexual interaction between him and a student, Elizabeth Thomas , at his school.
    Dozens feared dead after passenger plane crashes in South Sudan

    Dozens feared dead after passenger plane crashes in South Sudan

    According to a report in the Independent, a South Sudanese newspaper carried photos showing the burnt-out ruins of the plane. A plane with 45 people believed to be aboard crashed Monday afternoon at the airport in Wau , South Sudan, officials said.