Paris is the most expensive city to live in according to the latest survey carried out by the Economist Intelligence Unit. The study has been in charge of evaluating the cost of living by comparing the prices of housing, food, clothing, transport and the costs of public services in 132 cities around the world. The aim of the study is to help companies calculate subsidies for executives and their families who are sent to work in other cities around the world .
Tokyo ranks second, up from sixth place a year ago. The fall of the currency in Russia against the dollar, has made Moscow a much cheaper place than it was before. According to economists , there is nothing surprising that Paris ranks first, as it is a highly developed city within a large country.
This year, those in charge of the study, have decided to convert all economic amounts into dollars , why? Very easy; in this way they are able to better compare prices after the strengthening that the euro has suffered. This has grown about 20% against the dollar during the past year. If you want to plan your vacation , here is the list of the 10 most expensive cities in the world:
1 – Paris, France
2 – Tokyo, Japan
3 – Oslo, Norway
4 – Frankfurt, Germany
5 – Milan, Italy
6 – Sydney, Australia
7 – London, UK
8 – Dublin, Ireland
9 – Chicago, USA
10 – Shanghai, China