Move Over Tokyo, the Most Expensive City is… Financial difficulties following Fukushima disaster edges out Japans capital, while both the worlds most and least expensive cities remain in Asia In the aftermath of the Fukushima power plant disaster, Tokyo has forfeited the dubious merit of being the world’s most expensive city. In the Economist Intelligence Unit’s biannual report, ranking 131 global cities, Singapore is instead throned, while the Japanese capital slumps to a sixth place. Singapore’s ascension is on the back of soaring living costs, currency appreciation and solid price inflation. The city-state’s meager natural resources makes it heavily reliant on energy and water imports, transport costs are almost three times higher than New York and it is the most expensive place to buy clothes in the world. The world’s 10 most expensive cities to live in: 1. Singapore 2. Paris 3. Oslo 4. Zurich 5. Sydney 6. Caracas, Geneva, Melbourne, Tokyo 10. Copenhagen
Posted on: Wed, 05 Mar 2014 05:36:10 +0000
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