World’s most expensive cities to buy wine
14th March, 2016 by Lauren Eads
Last week The Economist compiled its twice-yearly cost of living report comparing more than 400 individual prices for varying services and products – including wine.
Published for the past 30 years, the survey allows for city-to-city comparisons taking into consideration more than 50,000 individual prices across hundreds of products and services to determine a city’s overall cost of living. This includes everything from a loaf of bread, pint of milk and bottle of wine, allowing for comparisons between the priciest spots in the world to live.
Overall, Singapore retains its title as the world’s most expensive city for a third year in a row, “but its lead over the next two cities in the ranking has nearly evaporated”, the report said.
“Zurich and Hong Kong follow closely in joint second place, with Hong Kong climbing seven places up the ranking in the last 12 months. London, New York and Los Angeles also move up the ranking to 6th, 7th and 8th place, respectively, displacing Sydney, Melbourne and Oslo from the ten most expensive cities. New York and Los Angeles move up the ranking because of currency headwinds rather than significant local price rises. In fact, the opposite may be true. With the falling cost of oil and a strong US dollar pushing down prices, local inflation has been relatively low across the US. Despite this, New York is in its highest global position since 2002 and has risen by some 42 places up the cost of living ranking since 2011, when it was barely among the 50 most expensive cities, let alone the top ten.”
Here, we round up the most expensive cities in the world to buy a bottle of 750ml table wine in the off-trade.
Click through for the countdown…