Tokyo still most expensive city
Tokyo is still the world’s most expensive city to live in, according to the latest Economist Intelligence Unit Worldwide Cost of Living survey. However, Osaka is no longer in second place on the list; it has been replaced by Oslo in Norway. One of the survey’s editors said that this is probably because Japan has been locked into a pattern of low or negative inflation for some years now as a result of unemployment and a number of economic problems.
Northern Europe is gaining, due to their strong economies and rising prices. The top four on the list are:
- Tokyo, Japan
- Oslo, Norway
- Osaka, Japan
- Reykjavik, Iceland
I had mentioned a similar survey a couple of months ago, which also found that Tokyo is the most expensive city. There seem to be a few organisations doing these surveys — the results do tend to be similar, if not always identical.