10 Most Expensive Cities in the World

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Expensive cities: Melbourne, Australia

Tokyo is back on top as the most expensive city in the world, according to new data from the Economist Intelligence Unit. In the company's new worldwide cost of living survey, the Japanese city has outpaced last year's winner, Zurich, for the undesirable ranking as the world's priciest city. This is nothing new for Tokyo, which has only dropped below the No. 1 spot a handful of times in the last 20 years.

Zurich sank from No. 1 to No. 7 on the list, declining a whopping 39 percentage points from last year due to a weakening Swiss franc. Geneva also didn't fare well, seeing a steep decline from a No. 3 ranking in 2012 to barely making the list at No. 10 this year. The survey calculates cost of living based on prices for products and services, including food, clothing, rent and transportation. Each cost-of-living index is set in relation to New York's, which is fixed at a base of 100.

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10 Most Expensive Cities in the World

Last year, Geneva ranked #3. The current cost of living index is 124.

Loaf of white bread:
Today: $5.63
5 years ago: $4.87

Bottle of table wine:
Today: $8.19
5 years ago: $7.62

1 liter unleaded petrol:
Today: $2.04
5 years ago: $1.47

Source: Economist Intelligence Unit

Photo: Flickr/James Cridland

Caracas ranked #34 last year. The current cost of living index is 126.

Loaf of white bread:
Today: $9.40
5 years ago: $2.25

Bottle of table wine:
Today: $18.14
5 years ago: $4.32

1 liter unleaded petrol:
Today: $0.02
5 years ago: $0.02

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Paris ranked #6 last year. The current cost of living index is 128.

Loaf of white bread:
Today: $8.95
5 years ago: $10.10

Bottle of table wine:
Today: $9.45
5 years ago: $7.83

1 liter unleaded petrol:
Today: $2.38
5 years ago: $2.35

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Zurich ranked #1 last year. The current cost of living index is 131.

Loaf of white bread:
Today: $6.08
5 years ago: $5.52

Bottle of table wine:
Today: $16.74
5 years ago: $11.34

1 liter unleaded petrol:
Today: $2.01
5 years ago: $1.47

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Singapore ranked #9 last year. The current cost of living index is 135.

Loaf of white bread:
Today: $3.25
5 years ago: $2.67

Bottle of table wine:
Today: $25.65
5 years ago: $20.77

1 liter unleaded petrol:
Today: $1.74
5 years ago: $1.24

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Melbourne ranked #8 last year. The current cost of living index is 136.

Loaf of white bread:
Today: $4.87
5 years ago: $3.18

Bottle of table wine:
Today: $25.03
5 years ago: $15.39

1 liter unleaded petrol:
Today: $1.49
5 years ago: $1.02

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Oslo ranked #5 last year. The current cost of living index is 136.

Loaf of white bread:
Today: $6.31
5 years ago: $4.25

Bottle of table wine:
Today: $17.58
5 years ago: $16.28

1 liter unleaded petrol:
Today: $2.61
5 years ago: $2.00

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Sydney ranked #7 last year. The current cost of living index is 137.

Loaf of white bread:
Today: $5.03
5 years ago: $3.33

Bottle of table wine:
Today: $25.38
5 years ago: $17.87

1 liter unleaded petrol:
Today: $1.50
5 years ago: $1.04

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Osaka ranked #4 last year. The current cost of living index is 146.

Loaf of white bread:
Today: $7.94
5 years ago: $4.54

Bottle of table wine:
Today: $17.55
5 years ago: $9.09

1 liter unleaded petrol:
Today: $1.96
5 years ago: $1.27

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

Tokyo ranked #2 last year. The current cost of living index is 152.

Loaf of white bread:
Today: $9.06
5 years ago: $6.44

Bottle of table wine:
Today: $15.95
5 years ago: $11.78

1 liter unleaded petrol:
Today: $1.97
5 years ago: $1.31

Source: Economist Intelligence Unit

Photo: Wikimedia Commons

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