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Monday 18 November 2019

Cost of living on rise again in capital

The cost of living in Dublin is rising again
The cost of living in Dublin is rising again
Louise Hogan

Louise Hogan

THE cost of living in Dublin is once again on the rise, as it lies just outside the top 20 most expensive cities in the world.

The Asian hub of Singapore has been ranked as the world's most expensive city, as more European cities are once again considered pricey places to call home, according to the Economist Intelligence Unit which released its latest Worldwide Cost of Living survey.

Dublin was ranked 21st, up 13 places from 34th spot last year.

The survey comparing the cost of living between 131 cities is based on an analysis of over 400 different prices including food, drink, rent, utility bills and recreational costs.

CURRENCY

Price rises and a stronger currency were behind Singapore being named the most expensive city, as it overtakes Tokyo.

Currency appreciation has also been a factor in Sydney ranking fifth and Melbourne just behind it in a top 10 that features many European cities.

Paris has risen six places to become the world's second most expensive city.

New York stood in 26th place, with the US city becoming more expensive than Vancouver in Canada over the last year.

Mumbai in India offered the best value for money and is joined among the cheapest locations by South Asian cities such as New Delhi, Karachi in Pakistan and Kathmandu in Nepal.

Irish Independent

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