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Payvand Iran News ...
1/25/02 Bookmark and Share
Tehran least expensive capital in the world
London, Jan. 20, IRNA - Tehran remains the least expensive city in the world, according to a new cost of living survey of 134 cities carried out by the Economist Intelligence Unit (EIU).

A copy of the survey, obtained by IRNA, also shows that the Japanese cities of Osaka Kobe and Tokyo are the most expensive in the world and London the most expensive in the European Union (EU).

The cost of living comparisons, which are intended as an independent guide for companies sending executives overseas, are calculated from local prices of over 100 goods and services, including food, accommodation, transport and entertainment.

Using New York as a base index of 100, seventh in the survey, Tehran was calculated with a rating of 28, nine points below New Delhi in 133rd place.

London's rating of 102 put the British capital on par with Libreville as the fifth most expensive city in the world, below Hong Kong and Oslo (which is outside the EU), in 3rd and 4th place respectively.

Paris is rated as the second most expensive in the EU and 14th in the world, Copenhagen is third and 18th. Manchester in northern England is listed with Vienna as join fourth and 28th, ahead of Helinski placed 31st in the world.

Other EU capitals include Amsterdam at 40th, Berlin and Stockholm joint 50th, Brussels at 58th, Rome 74th and Madrid 77th.

Amman is listed as the most expensive Arab capital in the Middle East at 36th in the world, ahead of Bahrain and Dubai at 47th, Abu Dhabi at 58th, Doha 63rd, Muscat and Riyadh at joint 67th and Kuwait at 84th.

The EIU said there were two main reasons that largely effects its cost of living index, the movements in exchange rates and price changes.

... Payvand News - 1/25/02 ... --



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