Steve H.
www.curehodgkins.com
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Tokyo, Osaka Remain World's Most Expensive Cities-Study
Thu Jan 16,12:06 AM ET
HONG KONG (Reuters) - The Japanese cities of Tokyo and Osaka have retained their rankings as the most expensive in the world, while a strong currency is making the euro zone more pricey to live in, a new survey has found.
The Norwegian capital of Oslo has overtaken Hong Kong as the third most expensive city, according to the "Worldwide Cost of Living Survey" by London-based Economist Intelligence Unit (EIU) released Thursday.
Hong Kong and Libreville, Gabon, were tied for fourth place. It did not specify why the latter was so expensive.
London dropped to seventh in December 2002 from fifth a year earlier, but remained the costliest city in the European Union.
The comparative cost of living in all euro-zone cities rose in the past year as the euro strengthened and as prices were hiked during the switch to euro notes and coins.
Paris, which was ranked 10th in the world, remained the most expensive city in the euro zone. In Europe as a whole, Bucharest was the cheapest at number 120 on the list.
New York was the costliest North American city, ranked 11th in the world but down one notch from a year earlier.
In places like Harare, Zimbabwe, and Buenos Aires in Argentina, political and economic turmoil have caused a sharp drop in the cost of living. Harare was named the cheapest city, while Buenos Aires saw its ranking fall to 130th from 21st.
The EIU compares prices and products in 134 cities around the world to give companies a guide to costs overseas.
Thu Jan 16,12:06 AM ET
HONG KONG (Reuters) - The Japanese cities of Tokyo and Osaka have retained their rankings as the most expensive in the world, while a strong currency is making the euro zone more pricey to live in, a new survey has found.
The Norwegian capital of Oslo has overtaken Hong Kong as the third most expensive city, according to the "Worldwide Cost of Living Survey" by London-based Economist Intelligence Unit (EIU) released Thursday.
Hong Kong and Libreville, Gabon, were tied for fourth place. It did not specify why the latter was so expensive.
London dropped to seventh in December 2002 from fifth a year earlier, but remained the costliest city in the European Union.
The comparative cost of living in all euro-zone cities rose in the past year as the euro strengthened and as prices were hiked during the switch to euro notes and coins.
Paris, which was ranked 10th in the world, remained the most expensive city in the euro zone. In Europe as a whole, Bucharest was the cheapest at number 120 on the list.
New York was the costliest North American city, ranked 11th in the world but down one notch from a year earlier.
In places like Harare, Zimbabwe, and Buenos Aires in Argentina, political and economic turmoil have caused a sharp drop in the cost of living. Harare was named the cheapest city, while Buenos Aires saw its ranking fall to 130th from 21st.
The EIU compares prices and products in 134 cities around the world to give companies a guide to costs overseas.
