Sunday, December 5, 2010

The World's Most Expensive Cities 2010


1. Tokyo, Japan
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Rank in 2009: 2

Food: Lunch at a restaurant:KWD 5.12
One kg of rice: KWD 2.41
One dozen eggs: KWD 1.07

Entertainment: Movie ticket: KWD 6.26

Appliances: Washing machine: KWD 249.96

The strength of the yen has brought Tokyo back to the No. 1 spot on ECA International's ranking for the first time since 2005. In addition to the costs above, rent for a two-bedroom apartment for expats is typically more than KWD 1,421.85 per month in Tokyo, according to data from EuroCost International. While visitors need more pocket money here than in any other city, the monthly consumer price index in Tokyo's wards has actually dropped year-on-year for 14 straight months as of May 2010, based on figures from Japan's statistics bureau.
2. Oslo, Norway
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Rank in 2009: 8

Food: Lunch at a restaurant: KWD 12.23
One kg of rice: KWD 1.61
One dozen eggs: KWD 1.91

Entertainment: Movie ticket: KWD 4.55

Appliances: Washing machine: KWD 250.25

Oslo rose above Copenhagen as the most expensive city in Europe when the kroner strengthened against other currencies. ECA International says an upward trend in oil prices, a short recession, and Norway's reputation as a safe haven for investors contributed to the kroner's rise.
3. Luanda, Angola
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Rank in 2009: 1

Food: Lunch at a restaurant: KWD 13.37
One kg of rice: KWD 1.35
One dozen eggs: KWD 1.35

Entertainment: Movie ticket: KWD 3.7

Appliances: Washing machine: KWD 259.35

Angola's capital slipped to third place this year as the kwanza depreciated. Prices in Luanda have actually increased in the past year, but currency changes offset any inflation, according to ECA International. In addition to everyday goods, EuroCost International estimates that the average expat pays more thanKWD 995.3 per month for a two-bedroom flat in Luanda.
4. Nagoya, Japan
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Rank in 2009: 3

Food: Lunch at a restaurant: KWD 5.4
One kg of rice: KWD 2.6
One dozen eggs: KWD 0.95

Entertainment: Movie ticket: KWD 5.69

Appliances: Washing machine: KWD 176.59

Japan's fourth most populous city, Nagoya is also among the country's most expensive. The city ranks No. 1 for the cost of rice: KWD 2.6per kilogram, according to ECA International data. As Japan's auto hub, the Nagoya area is an important center of business: about 44 percent of automobiles produced in Japan are made here, according to the Greater Nagoya Initiative Center. Such companies as Toyota, Honda, Suzuki, Mitsubishi, Volkswagen, and General Motors have headquarters, manufacturing operations, or distribution points in the Nagoya region.

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