Singapore is the richest, New Delhi cheapest

Singapore-New-DelhiSingapore, which most of the Indian politicians including AP Chief Minister N Chandrababu Naidu prefers as the best on all fronts, now ranks at the top in terms of cost of living.
This is the third consecutive year the tiny south-east nation stands atop other countries.
Economist Intelligence Unit (EIU), established in 1946 by the Economist Group, makes a survey twice yearly worldwide on cost of living.
Zurich is number two followed by Geneva. Paris, London and New York are at the 5th, 6th and 7th positions respectively.

The study compares prices in shops for more than 160 basic goods and services, including food, toiletries, clothing, domestic help, utility bills, cigarettes and wine.

All the Indian cities are in the list of Cheapest cities. The second cheapest after Lusaka is Bengaluru followed by Mumbai. Chennai is at the sixth place and the Indian capital New Delhi is the eighth cheapest cities to live in, according to EIU report.

TEN MOST EXPENSIVE CITIES 2016

1. Singapore
2. Zurich
3. Hong Kong
4. Geneva
5. Paris
6. London
7. New York
8. Copenhagen, Los Angeles, Seoul
THE TEN CHEAPEST

1. Lusaka
2. Bangalore
3. Mumbai
4. Almaty
5. Algiers
6. Chennai
7. Karachi
8. New Delhi
9. Damascus
10. Caracas

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