Singapore named most expensive city fifth consecutive year

The results of this year’s Worldwide Cost of Living survey reveal that Singapore is the most expensive city in the world for the fifth consecutive year. The survey — which compares more than 400 individual prices across over 150 products and services — sees Asian hubs such as Hong Kong and Sydney compete with European cities such as Paris, Zurich and Oslo at the top of the ranking.

Other key findings in the report include:

• Cities in west Europe have returned to among the most expensive, and the region now accounts for three of the five most expensive cities and for half of the top 10.
• Syria’s capital of Damascus props up the ranking, having fallen 14 places to the last position in the past 12 months.
• Mexico City saw the fastest rise in the relative cost of living of any city, moving up 23 places to 59th position.

To read the full report, click here.