Singapore tops the list of the most expensive city in the world once again

Singapore tops the list of the most expensive city in the world once again, a new survey comparing the cost of living in 133 cities reveals.

Nudging just behind Singapore is Paris, followed by Oslo, Zurich and Sydney. London is the world's eleventh most expensive city, The Economists' Intelligence Unit report says. 

London is now as expensive as Tokyo, which was replaced by Singapore as the most expensive city last year.

Cities in Pakistan and India, including Karachi, Bangalore and Mumbai make up four out of the top five cheapest cities to live in last year.

The world's top five most expensive cities remain unchanged for the second year in a row, the report reveals.

The EIU's survey comprises 133 cities worldwide and uses New York as a base. It compares the cost of more than 160 services and products including food, clothing and utility bills. 

Jon Copestake of the EIU said: 'The situation of an unchanged top five is very rare for the worldwide cost of living survey and disguises some significant global drivers that are impacting on the cost of living everywhere. 

Read more: http://www.thisismoney.co.uk/money/news/article-2977215/World-s-expensive-cities-revealed-Singapore-tops-charts-again.html#ixzz3Tbx3SyT3
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