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The World’s Most Expensive (and Cheapest) Cities for 2018

singapore The World's Most Expensive (and Cheapest) Cities for 2018
Singapore wins yet again

Singapore has been declared the most expensive city on Earth for the fifth year running, according to an extensive annual study of prices.

The Economist Intelligence Unit’s Worldwide Cost of Living Survey has ranked 133 cities according to the price of more than 150 items.

Budget-conscious travellers might want to give Paris a swerve too, which leapt five places up the charts to second spot. It is followed by the Swiss city of Zurich and Hong Kong.

The world’s 10 most expensive cities:

  1. Singapore (=)

  2. Paris, France (+5)

  3. Zurich, Switzerland (+1)

  4. Hong Kong (-2)

  5. Oslo, Norway (+6)

  6. Geneva, Switzerland (+1)

  7. Seoul, South Korea (=)

  8. Copenhagen, Denmark (+1)

  9. Tel Aviv, Israel (+2)

  10. Sydney, Australia (+4)

The cheapest city this year was found to be Damascus in Syria. The war-torn, tourist no-go zone fell 14 places to claim its title from Almaty in Kazakhstan, which was last year’s cheapest metropolis.

damascus The World's Most Expensive (and Cheapest) Cities for 2018
Damascus is the cheapest city in the world this year, but it’s no place for tourists

Ongoing economic uncertainty thanks to the 2016 Brexit referendum has toppled the strength of the British pound, pushing London to 30th on the list – a drop of six places since last year, making it the cheapest it has been in two decades. Manchester fell even further to 56th.

The world’s 10 cheapest cities:

  1. Damascus, Syria (-14)

  2. Caracas, Venezuela (-13)

  3. Almaty, Kazakhstan (+2)

  4. Lagos, Nigeria (+2)

  5. Bangalore, India (+2)

  6. Karachi, Pakistan (+3)

  7. Algiers, Algeria (=)

  8. Chennai, India (+1)

  9. Bucharest, Romania (0)

  10. New Delhi, India (0)

And while this might be good news for inbound tourists, what does it mean for Britons travelling abroad? London residents spending £6.27 (on average) for a bottle of wine back home, for example, would spend on average £8.52 in Paris, £9.81 in Oslo, £10.76 in New York, £11.38 in Zurich and a wallet-bashing £16.96 in Singapore.

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