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
Located in central Amsterdam on the Dam Square, this 17th century palace was originally built as a city hall for Amsterdam's magistrates. The museum is now used primarily for state functions and for presentation of various official and royal prizes. The Palace is not open to visitors as it has been temporarily closed down for major renovation. &nbs...
Named after the 28th sultan, this mosque is considered to be the symbol of Islamic culture within Brunei and is an impressive example of Islamic architecture. Opening in 1958, the mosque is open to visitors when it is not being used for prayers. As with any mosque, you must remove your shoes before entering. If dressed inappropriately you will be given a robe upon entry. Tel: +637 222 2623 ...
Be prepared for lengthy and detailed descriptions from the staff at this museum as they are very proud of their collection! Put together by a wealthy ethnographer, a lot of the pottery is from Mezotur near the Tisa River but there are some Transylvanian furniture and textiles on display too. Address: III Fo ter 4 Tel: 366 1138 Times: Tue-Fri 2-6pm, Sat and Sun from 10am Prices: adult/chi...
Take a ride up the Avon River in an enclosed gondola while you take in the beauty of the Garden City. The gondola ride takes you up all the way to the summit of the Port hills from where one can look down at the beautiful city and its settlements. Two way rides are usually in a packaged deal with dinner or with a tram ride or a walk around the hills. Location: 10 Bridle Path Road Phone: +...