Economist Intelligence Unit Cost of Living Survey 2009: Dublin is world’s 13th most expensive city; New York gets 23rd ranking and London 27th

Mar 10th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The latest Economist Intelligence Unit cost of living survey highlights the way in which sharp shifts in exchange rates in recent months have altered the relative cost of living in cities around the world. By comparing the ranking of cities in September 2008 (when the price survey was conducted) to the ranking in February 2009 (adjusting the September price data for recent exchange-rate movements), it is possible to see which locations have been relative winners or losers as a result of the currency dislocation. Dublin has a 13th ranking down from 11th last year, while London has fallen to 27th place, from 8th ranking 2008, because of the plunge in the value of sterling. New York has jumped from 39th rank in 2008 to 23rd place this year.

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