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Tuesday 15 October 2019

A cut above - world's most expensive cities revealed


Hong Kong skyline. Photo: Bhupendra Singh
Hong Kong skyline. Photo: Bhupendra Singh

Cathy Adams

Hong Kong, Singapore and Paris have been ranked the most expensive cities in the world by the Economist Intelligence Unit's worldwide cost of living 2019 survey.

Rounding out the top five were the "usual suspects" of Zurich and Geneva in Switzerland.

Also in the top 10 were Osaka in Japan, Seoul in South Korea and Copenhagen in Denmark. American cities New York and Los Angeles rose in this year's rankings, thanks to currency appreciation.

The annual index compares prices of everyday items including clothing, recreation, education and utility bills. According to the survey, a woman's haircut in Singapore, Paris and Hong Kong costs $96.01, $119.04 and $112.10 respectively.

In the cheapest three cities - Caracas in Venezuela, Syria's capital Damascus and Tashkent in Uzbekistan - the same haircut would cost $1.77, $7.77 and $12.43 respectively.

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