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

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 .

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 percent in the 172 major cities covered by the EIU survey, conducted between August and September.A total of 50,000 worldwide prices were converted into dollars. 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".

Singapore was colonised by the british and is now wealthier than their colonisers. What’s your excuse South Africa?

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