We’re number four

Posted by on 9 August 2006

GENEVA, Aug. 9 (Xinhua) — Oslo and London are the world’s most expensive cities, followed by Copenhagen and Zurich, according to a report released on Wednesday. The Prices and Earnings report, compiled by Switzerland’s largest bank UBS, compares the price of a basket of 122 domestic goods and services in 71 cities on all continents.

Take that, Tokyo.

Even knowing that Zurich supposedly has the highest quality of living in the world, this new report is depressing. To balance things out, this little tidbit is offered:

The UBS Prices and Earnings study throws up the interesting statistic that people in the two Swiss cities must work around 15 minutes to buy a Big Mac burger compared with a global average of 35 minutes.

Since I neither work nor purchase Big Macs, this statistic doesn’t comfort me.

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Comments (1)

  • Sachiko
    August 18th, 2006

    Talking about Big Macs, it may be interesting to see it.
    The famous “BIG MAC INDEX”.
    http://www.oanda.com/products/bigmac/bigmac.shtml
    According to this index, Switzerland is the most expensive place to purchase a Big Mac ($5.12! more than double the price in Tokyo ).

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