Singapore now world's costliest
http://www.independent.co.uk/news/w...he-planet--but-what-about-london-9167514.html
Top 10 most expensive cities in the world: Singapore named costliest place to live on the planet – but what about London?
The island city of Singapore has been named the world’s most expensive city to live in, according to the latest data from a comprehensive study, while London did not even make the top 10.
The results from the Economist Intelligence Unit’s 2014 Worldwide Cost of Living survey, released today, placed Singapore ahead of 130 other cities based on more than 400 different price indicators, from basic groceries to the cost of heating.
Singapore is the most expensive place in the world to buy clothes, relies heavily on imported goods and has an increasingly strong currency. The EIU said the city’s transport costs are around three times higher than New York, which it used as a benchmark for comparisons.
“Singapore’s rise is partially attributable to the continued strength of the Singapore dollar, but the city has seen price rises too which have no doubt been compounded by a reliance on imports,” Jon Copestake, editor of the EIU report, told Bloomberg.
The city replaced Tokyo, last year’s winner, which has been pushed out into joint-sixth place. Making up the rest of the top five were Paris, Oslo, Zurich and Sydney in fifth.