Dear Stefan,
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.
How do
the remaining cities around the world rank in the latest Worldwide
cost of living index? Find out by downloading our free summary.
Kind regards,
Robert Ward
Editorial Director
The Economist Intelligence Unit
No comments:
Post a Comment