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Serious Singapore Most Sexpensive City in the World! Huat Ah!

Pinkieslut

Alfrescian
Loyal

New York, Singapore top 'world's costliest city' survey​

New York (left) and Singapore (right) displaced last year's number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit.
AFPNew York (left) and Singapore (right) displaced last year's number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit.

Published December 1, 2022
Updated December 1, 2022
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LONDON — New York and Singapore are jointly the world's most expensive cities after inflation soared this year, an annual survey showed Thursday (Dec 1).
The pair displaced last year's number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU).

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The survey revealed "the soaring cost of living in the world's biggest cities as the war in Ukraine and continuing pandemic restrictions disrupt supply chains, particularly for energy and food".
New York hit the top spot for the first time, while Damascus and Tripoli remained the cheapest cities.
Prices rocketed by an average 8.1 per cent in the 172 major cities covered by the EIU survey, conducted between August and September.

READ ALSO​

Singapore slips from joint top spot of world's costliest cities: Survey


The survey "also shows the impact of the strong United States (US) dollar on our city rankings", it noted.
A total of 50,000 worldwide prices were converted into dollars.

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The US currency has jumped this year as the Federal Reserve hikes interest rates by large amounts to try and tame decades-high inflation.
In addition to New York, Los Angeles and San Francisco moved into the top ten.
The biggest upward movers were Moscow and St Petersburg, "which shot up by 88 and 70 places respectively as prices soared amid Western sanctions and buoyant energy markets supported the rouble".
Ms Upasana Dutt, who headed the research, said "the war in Ukraine, Western sanctions on Russia and China's zero-covid policies have caused supply-chain problems that, combined with rising interest rates and exchange-rate shifts, have resulted in a cost-of-living crisis across the world."

READ ALSO​

Singapore still world's costliest city; Paris, Zurich second


"We can clearly see the impact in this year's index, with the average price rise across the 172 cities in our survey being the strongest we've seen in the 20 years for which we have digital data," she added. AFP
 

laksaboy

Alfrescian (Inf)
Asset
Typical of a money laundering hub.

Build-demolish-rebuild and 洗黑钱 are the only two ways to grow the economy. The former is more sustainable, the latter is high risk, high rewards. :biggrin:
 

laksaboy

Alfrescian (Inf)
Asset
This is why the PAP govt's Ministry of Truth put out a propaganda infographic regarding inflation not too long ago. That was quite unprecedented. :wink:

Good opportunity to make empty promises and sugarcoat the situation. :biggrin:

FHsIFgxVgAEsEk4.jpg:orig
 

laksaboy

Alfrescian (Inf)
Asset
Fake news...our inflation only 3% when the world's average now is 10%.

Yes, just like air quality was in the 'healthy to moderate range' while the smell of the haze was overpowering your nostrils. Fake news indeed. :biggrin:
 

bushtucker

Alfrescian (Inf)
Asset
Fake news...our inflation only 3% when the world's average now is 10%.
Take the ubiquitous "kopi" at hawker centre drinks stalls/office canteens as a simple example. 6.9 years ago it used to be $1 but increased to $1.10, obviously a 10% increase. Now it costs $1.30-1.40 on average. Food courts lagi better, can charge $1.70-1.80!
 

laksaboy

Alfrescian (Inf)
Asset
Take the ubiquitous "kopi" at hawker centre drinks stalls/office canteens as a simple example. 6.9 years ago it used to be $1 but increased to $1.10, obviously a 10% increase. Now it costs $1.30-1.40 on average. Food courts lagi better, can charge $1.70-1.80!

Don't forget there is a 'water conservation tax' long before the crazy skyrocketing prices in the past couple of years.

A tax to help you save water... only the devious mind of a kleptocrat could invent that. :laugh:
 

syed putra

Alfrescian
Loyal
Take the ubiquitous "kopi" at hawker centre drinks stalls/office canteens as a simple example. 6.9 years ago it used to be $1 but increased to $1.10, obviously a 10% increase. Now it costs $1.30-1.40 on average. Food courts lagi better, can charge $1.70-1.80!
Still cheaper than starbucks in nyc.
 

syed putra

Alfrescian
Loyal
For those on a budget, sinkie still got hotel 81. Unfirtunately, for the same price, you get to sleep at capitol hotel in KL.

1669865560848.png
 

JohnTan

Alfrescian (InfP)
Generous Asset
The pair displaced last year's number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU).

We need to thank hamas and other islamic terrorists for constantly shooting rockets into Israel. Otherwise, our PAP might not be able to overtake Tel Aviv.
 
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