Manila is world’s 92nd most expensive city: The Economist
Posted at Mar 23 2017 11:26 AM
http://news.abs-cbn.com/
MANILA – The Philippines is the 92nd most expensive city in the world, according to a study by The Economist magazine.
Manila was tied with Athens and Bandar Seri Begawan and trailed Lima, Bahrain, Toronto, Santiago, Rio de Janeiro and Portugal, according to the ranking.
The study bases its calculation on the price of at least 160 products and services including food, drink, clothing, household supplies and personal care items among others, converted to US dollars.
One kilo loaf of bread costs $3.55 in Singapore and a bottle of table wine $23.68. In Paris, they were $6.81 and $10.35, respectively.
In Almaty, it was 90 cents for the bread and $5.15 for the wine.
The 10 most expensive countries in the world, according to The Economist are:
1.Singapore
2. Zurich
3. Hong Kong
4. Tokyo
5. Osaka
6. Seoul
7. Geneva (tied with Paris)
7. Paris (tied with Geneva)
9. New York (tied with Copenhagen)
9. Copenhagen (tied with New York)
The bottom of the list revealed the 10 least expensive cities. Kiev, Bucharest and New Delhi are tied at 124th place, Algiers Chennai and Mumbai are tied at 127th, followed by Karachi, Bangalore, Lagos and Almaty. – with reports from Reuters