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
This museum is very interesting and caters to all age groups. It is fascinating in terms of the technologies that are showcased here- ultra-modern, revolutionary and environmentally friendly. Moreover, most exhibits are interactive. Visitors can engage with robots and embark on virtual reality rides. They can also use the touch screens to learn more about nano-technology and genetic engineering. T...
The Jet d'eau in Lake Geneva spouting 140 meters into the air is regarded as the world's tallest water fountain, symbolizing Geneva's position as a leader in harnessing hydraulic power. ...
A private garden about a hectare in size, it is open to the pubic for individual or group tours. Here you can tour the beautiful gardens full of different varieties of orchids as well as buy souvenirs flower boxes to take home, flower arrangements and cut flowers. A must-visit for all horticulture aficionados Timings: 9am to 6pm PT. Anggrek Anyar, Jalan Bypass Tohpati, Kusamba 1 Denpasa...
The neighborhood contains multistoried residential buildings, some of which have been standing for more than four centuries. Constructed out of local basalt stone and ornamented with intricately carved friezes and moldings, the facades of these houses form a continuous, harmonious urban fabric that can, when viewed at a distance, generate a splendid skyline as a backdrop for the modern city, and, ...