Paris, Singapore and Hong Kong are joint most expensive cities in the world

Paris has become the world’s most expensive cities, alongside Hong Kong and Singapore.

Paris, Singapore and Hong Kong are joint most expensive cities in the world
Paris, Singapore and Hong Kong are joint most expensive cities in the world

 

It’s the first time three cities have shared the top spot in the 30-year history of annual economist intelligence unit survey which compares price in 133 cities globally.

The French capital ranked second most expensive last year is one of the four European cities in the top 10. It compares the cost of living in New York which is used as a benchmark.

The annual survey which evaluates the cost of over 150 times in 133 cities around the world, and features a top 10 largely dominated by Asian and European cities.

Although the cost of living in the UK has increased a surge in domestic prices, pushing London up eight positions to joint 22nd and San Francisco rising to 12 positions to 25th place. Syria is ranked just above Caracas at 132nd place, while Nigeria’s Lagos ties with Pakistan’s Karachi at 127th place.

Roxana Slavcheva the author said”only alcohol and transport and tobacco offer value for money compared with other European cities”. The average cost of a woman’s haircut is £90 in Paris.