World's Most Expensive Cities

According to the biannual survey, recently released by the Economist Group, Tokyo no longer ranks as number 1 in the list of the most expensive cities in the world. Japan’s recent recession, weakening Yen and Deflation have contrasted strongly with the high consumer confidence and investment levels and low interest rates is Oslo – the ranking’s new leader (a city where I paid an amount equivalent to a significant part of my daily salary for a cheeseburger and an orange juice). The most expensive American city, New York, fell into a tie for 27th (23rd last year) place with Düsseldorf, Germany.

Here's the Top 10*:

10 (10 in last year's rank) - Helsinki, Finland - Index: 115

9 (8) - Geneva, Switzerland - Index: 116

8 (6) - Zurich, Switzerland - Index: 123

7 (7) - London, UK - Index: 125

6 (5) - Copenhagen, Denmark - Index: 127

5 (4) - Paris, France - Index: 130

4 (2) - Reykjavik, Iceland - Index: 130

3 (8) - Osaka/Kobe, Japan - Index: 135

2 (1) - Tokyo, Japan - Index: 136
1 (3) - Oslo, Norway - Index: 140

*Index New York (100)

Source: Economic Intelligence Unit