1. Worldwide Cost of Living 2014: Which city is the most expensive to live in? Which city is the cheapest?
- Publication Date:
- 03-2014
- Content Type:
- Working Paper
- Institution:
- Economist Intelligence Unit
- Abstract:
- Despite Abenomics driving consumer confidence and price inflation, a weaker yen has pushed Osaka and Tokyo away from the top of the cost of living ranking. This has paved the way for Singapore, which has been steadily moving up the ranking over the last decade, to claim the unenviable title of world's most expensive city. Singapore's rising price prominence has been steady rather than spectacular. The city-state was 18th most expensive ten years ago and has actually seen the cost of living compared with New York City decline over the last 12 months. However, over the last decade a 40% currency appreciation, coupled with solid price inflation, has consistently pushed Singapore up the ranking.
- Topic:
- Economics, Energy Policy, International Trade and Finance, Natural Resources, Food, and Infrastructure
- Political Geography:
- New York, Tokyo, and Singapore