Singapore is one of the world’s most expensive cities

(Mar 16): Singapore is the world’s most expensive city for the fifth straight year in the Economist Intelligence Unit’s latest Worldwide Cost of Living report, with Paris and Zurich tied for second place.

Asia Pacific and European destinations dominated the ranks of costliest cities identified in the report released this week. Tokyo and Osaka were conspicuous in their absence from the top 10, edged out by low inflation.

As recent as 2013, Tokyo was the world’s costliest city to live in. The Japanese capital dropped seven places to 11th over the past year. Hong Kong, last year’s second-most expensive city, slipped to fourth place.

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