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Dublin's still dearer than Rome or Berlin

Dublin is becoming a cheaper place to live but is still more expensive than Rome, Berlin and Amsterdam, a new cost of living survey shows.

The capital is now the 34th most expensive city on the survey – four places lower than last year.

Data compiled by the Economist magazine has revealed that the world's most expensive cities are Tokyo and Osaka in Japan, followed by Sydney, Oslo and Melbourne.

The World Cost of Living (WCOL) survey named Karachi in Pakistan as the cheapest city, followed by Mumbai and New Delhi in India, Kathmandu in Nepal, and Algiers in Algeria.

In Europe, the Romanian capital Bucharest was the least expensive city.


The survey compared the prices of 400 different types of goods and services such as food, drink, rent, utility bills, schooling costs and household supplies. Statisticians said that fears over the euro currency actually made many European cities cheaper, but London moved up one place to 16th while Manchester jumped six places to 47th.

"The cost of living in Europe has seen relative declines thanks to economic austerity and currency fear," said Jon Copestake, who compiled the report. "But Asian cities have also been rising on the back of wage growth and economic optimism," he added.

Melbourne and Sydney were powered into joint fourth place by a strong local currency. Los Angeles and New York City tie at 27th as most expensive US cities.