Summary of Worldwide Cost of Living 2015

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Worldwide Cost of Living 2015 summary
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Recommendation

A trip to Singapore will make the biggest dent in your wallet, while a sojourn in Karachi will be a bargain. That’s according to the Economist Intelligence Unit’s Worldwide Cost of Living 2015, a semiannual survey that compares prices of an extensive list of goods and services across 140 cities in 93 countries. This easy-to-read, informative report points out the economic forces that drive global consumer prices through peaks and troughs, as well as potential changes. For cost-conscious business executives and for travelers washed up on a foreign shore, this survey is an invaluable aid that getAbstract wholeheartedly recommends.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

Singapore was the world’s costliest city at the end of 2014, based on price analyses of 160 commonly purchased goods and services in 140 major urban centers and measured against the standard of New York City’s costs. Paris, Oslo, Zurich and Sydney round out the top five, marking the “extremely rare” event that all five cities have retained their exact rankings from the last survey. That relative stability belies the effects of some important developments since the start of 2015, however, such as the continuing strength of the US dollar, a persistently anemic euro and the impact of lower oil...


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