For the first time in at least two decades of reporting the worldwide cost of living survey Zurich sits atop the ranking as the world’s most expensive city.
An index swing of 34 percentage points pushed the Swiss city up 4 places compared to last year to overtake Tokyo which remains in 2nd place.
Geneva, the other Swiss city surveyed saw a 30 percentage point rise in the cost of living to move up six places into joint third alongside Osaka.
The authors of the bi-annual report said both Japan and Switzerland have seen strong currency movements over the last few years which have made them relatively more expensive.
Currency movements in Australia also explain the presence of both Sydney and Melbourne in the list of top ten most expensive cities to live.
Hong Kong, which has long been noted as an expensive place to live, is surprisingly ranked at 22, much lower than its third-placed position a decade ago.
The survey of 130 cities worldwide compares more than 400 individual prices across 160 products, including food, clothing, transport, rents and private schools.
The price of a litre of petrol for example varies hugely from city to city. In its breakdown, the EIU shows that it is $2.17 in Paris but only $0.96 in Moscow.
Despite eurozone weaknesses, western Europe still accounts for 24 of the most expensive cities in the top 50, with 14 hailing from Asia.
Top 10 Most Expensive Cities In The World – 2012
1. Zurich, Switzerland
2. Tokyo, Japan
3. Geneva, Switzerland
4. Osaka, Japan
5. Oslo, Norway
6. Paris, France
7. Sydney, Australia
8. Melbourne, Australia
9. Singapore, Singapore
10. Frankfurt, Germany
Madaba is one of Jordan's many ancient cities. This charming town is located about 30km southwest of Amman. It has been settled for thousands of years, and was mentioned in the 9th century BC Mesha Stele, which helped archaeologists corroborate several episodes from the bible. Madaba thrived as a Roman town, and during the Byzantine period many magnificent churches were built.&n...
The Reserva Ecológica Costanera Sur nearby, is a picturesque garden, and an excellent alternative, particularly for nature lovers. The reserve is built on reclaimed land on the river plate and is about 360-hectares (890-acres) in area. It is packed with plants and creatures typical of the region, where you can relax with a beautiful view of the river. Paths for walkers and cyclists (bikes are...
Dharavi, slated to be Asia’s biggest slum, lies on prime property right in the middle of Mumbai. Some travel operators offer guided tours through Dharavi showing the residential as well as the industrial parts. This area is home to a number of small scale industries and it is interesting to see how they operate from here. Some of these industries produce embroidered garments, export quality ...
Get a taste of all the 13 Malaysian states in Kuala Lumpur during the Malaysian festival. This two-week celebration hosts several shows and demonstrations that exhibit Malaysian culture ranging from performaning arts to handicrafts to food. Also, several shopping complexes and hotels enter a bright-lights competition where the best lit locale wins. ...