ISLAMABAD: Singapore has again been adjudged as the world’s most expensive city but costs across the world have been highly volatile, according to the 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.
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.
“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. The EIU said India and Pakistan accounted for five of the 10 least expensive cities in the world.
