A recent issued by the The Economist Intelligence Unit shows that the world’s most expensive cities in 2013 are located in Asia-Pacific, with Sydney coming in third.
It would appear that strong economic growth has supported inflation and combined with currency swings, cities such as Sydney and Singapore are now more costly than ever.
More than half of the 20 most expensive cities are from Asia and Australasia, compared to just eight from Europe. A decade ago, it was 10 European, six Asian and four American cities.
The report gauges the price of some of the staples of living, from real estate to groceries, pricing out every day items such as groceries, petrol and a loaf of bread.
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