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Tokyo most expensive city, Karachi cheapest
Monday February 04, 2013 09:13:57 PM,
IANS
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Singapore: Tokyo is the
most expensive city to live in while Pakistan's port city Karachi
is the cheapest, a survey said Monday.
The study by The Economist Intelligence Unit said the other cities
in the top five were Osaka, Sydney, Oslo and Melbourne, Xinhua
reported.
Among the 131 cities surveyed, Australian cities ranked high
mainly due to inflation and currency swings to make them more
costly, the survey said.
In contrast, Karachi was at the bottom of the list and ranked as
the cheapest city.
"One of the features of the cost-of-living ranking over the last
few years has been the rise of many Asian cities offsetting
traditionally more costly European locations."
According to the survey, there are now 11 Asian cities and eight
European cities among the world's 20 most expensive cities.
A decade ago "this was six Asian vs 10 European cities with four
cities from the US".
The survey, carried out twice annually and for more than 30 years,
collects over 400 individual prices across 160 products and
services.
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