Pulse.com.gh logo
Go


Most expensive city Singapore 'still world's most expensive city'

The Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris.

  • Published:

Join the "kokonsa" clique.Don't miss a thing, get the latest updates to fuel your conversation daily

By signing up , you agree to our Privacy Policy and European users agree to the data transfer policy



Thank You! You have successfully subscribed to receive pulse.com.gh daily newsletter.

Singapore has again been judged as the world's most expensive city but costs across the world have been highly volatile, according to researchers.

The Economist Intelligence Unit (EIU) ranked Singapore as the priciest ahead of Zurich, Hong Kong, Geneva and Paris.

London was sixth and New York seventh on the list that compares the cost of a basket of goods across 133 cities.

The cheapest were Lusaka, the capital of Zambia, followed by Bangalore and Mumbai in India, the EIU said.

Volatility

The EIU charts the expense of cities by comparing them to the cost of living in New York.

Although Singapore was the most expensive, the cost of living there was 10% cheaper when compared to New York than was the case in the EIU survey a year ago.

READ MORE

Researchers said they saw considerable movement in the rankings as cities coped with economic factors ranging from the strength of the US dollar and currency devaluations to falling oil and commodity prices and geopolitical uncertainty.

"In nearly 17 years of working on this survey I can't recall a year as volatile as 2015," said Jon Copestake, an editor of the survey,

"Falling commodity prices have created deflationary pressures in some countries, but in others currency weakness caused by these falls has led to spiralling inflation."

The EIU said India and Pakistan accounted for five of the 10 least expensive cities in the world.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Report to work on time – Akufo-Addo tells NABCO recruitsbullet
2 How to create a verified PayPal account Learn how to create a verified...bullet
3 MTN, AirtelTigo and Vodafone to review tariffs; customers to pay morebullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Over 1 million Ghanaians have lost their jobs since 2017 – Reportbullet
6 Appointments Dr Hazel Berrard Amuah is new Human Resources...bullet
7 Ponzi schemes in Ghana These investments are Ponzi schemes...bullet
8 Mobile app to monitor performance of NABCO recruitsbullet
9 Your NABCO salary isn’t free money – Prez tells NABCO...bullet
10 Salaries In 2018 Here are the dates public workers...bullet

Top Videos

1 Support Finance minister buys Kantanka carbullet
2 Money Alert Meet Africa's richest womanbullet
3 Selorm Adadevoh MTN CEO dances Agbadzabullet
4 Forbes 2018 Africa's billionaires rich listbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Former Capital Bank staff grills pork for survivalbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 New Discovery Ghana discovers new mineral, lithium in...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet

Business

X
Advertisement