SAYONARA, Tokyo. Singapore is now the world’s most expensive city, according to the bi-annual cost of living index from the Economist Intelligence Unit, our corporate sibling. The Singapore dollar’s appreciation and high transport costs have propelled it to top spot. Tokyo and Osaka, which ranked first and second last year, have seen the biggest falls in costs because of a cheaper yen. The index is a weighted average of the prices of 160 products and services, with New York's figure set to 100 to provide a base for comparisons.
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