Singapore, along with Zurich, is the most expensive city to live in, according to the Economist Intelligence Unit.
SINGAPORE — Singapore has yet again been ranked as the most expensive city to live in, sharing the top spot with Zurich this year, according to the Economist Intelligence Unit.
This is the ninth time in 11 years that Singapore topped the list, while Zurich jumped from its sixth place ranking last year.
The research firm said Singapore clinched its top spot due to the high cost of groceries, alcohol, clothing, and owning a private vehicle.
A strong currency and high prices for household items and recreational activities drove Zurich's climb to No.1.
Persons:
Syetarn Hansakul, Hansakul, CNBC's, EIU, decelerate
Organizations:
Economist Intelligence Unit, SINGAPORE —
Locations:
Singapore, Zurich, SINGAPORE, SINGAPORE — Singapore, New York, Geneva, Hong Kong, Asia, U.S, Europe, Israel