The latest study published by The Economist Intelligence Unit (EIU), a subsidiary of the British magazine The Economist, coronation Paris's most expensive city in the world. Second in the previous ranking in 2008, the French capital ahead of 132 other cities studied. The study does not address the purchasing power of people in different cities to establish his clasasement but focuses only on the price level of goods and services.
According to economists, there is nothing surprising about seeing Paris take the first place, firstly because all the major cities of developed countries are expensive. The difference between the cost of living in the French capital and major U.S. cities living in New York or Chicago would cost half the price than in Paris, it can be explained by the strength of the euro against the dollar payday advance online .The EIU in effect converts all data into dollars to better compare prices housing, clothing, food … – in each city, and the euro rose from $ 1.28 to $ 1.51 during the year 2009 .
In ranking the most expensive cities, Paris is closely followed by Tokyo (Japan), which jumped four places compared to 2008, and Oslo (Norway) who loses both. London (United Kingdom), eighth in 2008, tumbling to the sixteenth place in 2009, while the collapse of the ruble is down Moscow from 31st to 45th place.