World’s most expensive cities revealed

BBC Newslight

Paris has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore.

It’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally.

The French capital – ranked second most expensive last year – is one of four European cities in the top 10.

The survey compares the cost of common items, such as bread, in 133 cities.

It then tracks whether prices have gone up or down by comparing them to the cost of living in New York, which is used as a benchmark.

Haircut comparisons

Report author Roxana Slavcheva said Paris had been among the top 10 most expensive cities since 2003 and was “extremely expensive” to live in.

“Only alcohol, transport and tobacco offer value for money compared with other European cities,” she…

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