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The world's most expensive cities were revealed



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Paris is at the top of the world's most expensive cities, along with Hong Kong and Singapore.

First Capital of the Annual Economist Intelligence Unit Survey Comparing Prices in 1

33 Towns Worldwide

The French capital – the second most expensive last year – is one of only two European cities in the top 10

The study compares the cost of ordinary items, like bread, in 133 cities.

Then follows whether prices have risen or decreased by comparing them with the cost of living in New York, which is used as a

Haircut Comparison

The author of the report, Roxana Slavcheva, said that Paris was among the first 10 most expensive cities since 2003 and is "extremely expensive" to live.

money compared to other European ones, "she said.

The average cost of a woman's hairstyle, for example, costs $ 119.04 (£ 90) in Paris, compared to $ 73.97 in Zurich and $ 53.46 in the Japanese city of Osaka.

"European cities have the highest household, personal care, recreation and entertainment categories – as Paris is a good representative in these categories – perhaps this reflects the larger premium for discretionary spending," said Slavcheva.


The most expensive cities in the world

1. Singapore (Singapore)

1. Paris (France)

1. Hong Kong (China)

4. Zurich (Switzerland)

5. Geneva (Switzerland)

5. Osaka (Japan)

7. Seoul (South Korea)

7. Copenhagen (Denmark)

7. New York (USA)

10. Tel Aviv (Israel)

10. Los Angeles (USA)


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Caracas was ranked as the cheapest city

Inflation and volatile currency fluctuations helped change this year's ranking, with places like Argentina, Brazil, Turkey and Venezuela seeing a sharp decline in their cost of living.

Caracas in Venezuela, where inflation was close to 1 billion, last year, forcing the government to release a new currency, was ranked as the most expensive city in this year's survey.

The price of a coffee cup in the capital, Caracas, doubled to 400 dollars ($ 0.62, £ 0.50) in just one week last December, according to Bloomberg.

Damascus in Syria was ranked second in the world.

The Economist Intelligence Unit said that "an increasing number of places" are becoming cheaper because of the impact of political or economic disruption.


The ten cheapest cities in the world

1. Caracas (Venezuela)

2. Damascus (Syria)

3. Tashkent (Uzbekistan)

4. Almaty (Kazakhstan)

5. Bangalore (India)

6. Karachi (Pakistan)

6. Lagos (Nigeria)

7. Buenos Aires (Argentina)

7. Chennai (India)

8. New Delhi (India)



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