Source: http://ow.ly/CZ7130j0ewA [#星加坡
🇸🇬 remains the world’s most expensive city for the fifth consecutive year, with #Paris
🇨🇭 and #HongKong
🇭🇰 following closely behind, according to the Worldwide Cost of Living Survey published on Thursday.
Low inflation meant #Tokyo
🇯🇵 — the most expensive city until 2013 — dropped to 11th, tied with #Osaka
, in the Economist Intelligence Unit’s biannual study of 133 cities.
Another pricey perennial, #NewYork
🇺🇸, did not make the top 10, beaten out by Paris 🇫🇷 and Zurich 🇨🇭(joint second), #HKG
🇭🇰 (fourth) and Oslo (fifth). #Seoul
🇰🇷 and #Geneva
🇨🇭 shared sixth place, while Copenhagen, Tel Aviv and #Sydney
🇦🇺 rounded out the rankings.
Singapore 🇸🇬 has avoided the massive traffic jams common in other big Asian cities by controlling vehicle ownership through a quota system under which a buyer must pay for a #CertificateOfEntitlement
— nearly 40,000 Singapore dollars ($30,500) — on top of the vehicle’s actual price.
Asian cities tend to be most expensive for grocery shopping, while Europe comes out tops in household, personal care, recreation and entertainment, the survey said.
The Irish capital of #Dublin
🇬🇧, which is now ranked 30th, due to the euro’s strength and a weaker pound, said the report’s author, Roxana Slavcheva.
The report noted that Britain’s cities are at their cheapest level internationally in more than two decades, in part due to economic uncertainty following the 2016 Brexit vote.
Notably, no U.S. cities 🇺🇸 featured in the top 10, with New York and #LosAngeles
ranking 13th and 14th. That was largely due to a weaker dollar.