Stephen McNeice
Stephen McNeice

10.58 19 Mar 2019


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Dublin has ranked 19th in the list of the world's most expensive cities.

Paris, Hong Kong and Singapore are tied for the top spot in the Economist Intelligence Unit's 2019 Worldwide Cost of Living Survey.

The annual index compares the cost of goods and services, including food, transport and rent in 133 cities around the world.

Zurich, Geneva, Osaka, Seoul, Copenhagen, New York, Tel Aviv and Los Angeles make up the top ten.

Dublin ranks above London, which is at number 22 on this year's list.

Compared to last year, US cities have generally "became more expensive globally" due to the strong dollar.

Amid the ongoing political and economic crisis in Venezuela, Caracas is the least expensive city in the world.

The authors of the report explain: "Following inflation nearing 1,000,000% last year and the Venezuelan government launching a new currency, the situation continues to change almost daily.

"The new currency value has varied so much since its creation and the economy was demonetised compelling people to use commodities and exchange services and personal items like clothing, auto parts and jewellery to purchase basic goods such as groceries."

Main image: File photo of Dublin City. Photo: Sam Boal/Rollingnews.ie


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