All this is reflected in its continued status as the world's most expensive city," the report said.
Singapore was followed by Hong Kong, which upstaged Shanghai to emerge as the second most expensive city for the wealthy.
Prices for hotel suites (+22.9%), ladies' shoes (+12.7%), and ladies' handbag (+8.6%) saw the biggest increases in the city.
London Hotel suites and jewelry were the second-most expensive items across the 25 cities, with prices soaring 38.3% and 17.%, respectively.
Here's Julius Baer's list of the world's 10 most expensive cities for high net worth individuals:
Persons:
Julius Baer, normalizations, Here's Julius Baer's
Organizations:
Wealth, Private
Locations:
Singapore, Swiss, U.S, Hong Kong, Shanghai, London