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Copenhagen among world's ten priciest cities

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Copenhagen among world's ten priciest cities
From upon his perch at Højbro Plads, Bishop Absalon overlooks the eighth most expensive city in the world. Photo: Colourbox
11:54 CET+01:00
According to a newly-released report from The Economist, only seven cities in the world are more expensive than the Danish capital.
As the capital and largest city of a country recently named the fifth most expensive in the world, it perhaps comes as no surprise that Copenhagen is among the the world’s ten costliest cities, according to data from the Economist Intelligence Unit (EIU).
 
The corporate sibling of The Economist magazine this week unveiled its list of the planet’s most expensive cities that ranked Copenhagen eighth. 
 
Singapore topped the list, followed by Paris and Oslo. Two Swiss cities – Zurich (fourth) and Geneva (seventh) – were among the ten priciest as were the Australian cities of Sydney (fifth) and Melbourne (sixth). Just behind Copenhagen were Hong Kong (ninth) and Seoul, South Korea (tenth).
 
 
The index was based on cost of living data collected in 2014, comparing prices across 160 categories, including food, rent and recreational costs.
 
The EIU surveys the cost of living in 130 cities across the world every two years.
 
The survey ranked Bangalore, Karachi and Mumbai as the three cheapest places in the world to live.
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