Tokyo ranked world’s most expensive city

Press, 9 March 1987, Page 12

Tokyo ranked world’s most expensive city

London Tokyo, Stockholm, Baghdad, and New York — in that order — have been judged the four most expensive cities in the world by the Londonbased company, Employment Conditions Abroad. Tokyo jumped from thirteenth most expensive last year to the unenviable first spot. Stockholm was rated ninth last year

and New York second, and Baghdad has retained its third rating. The ratings depend on the fluctuating purchasing power of the pound. Sydney has became cheaper. Business travellers on company expenses can expect to spend £77 ($217.14) a one day on a four-star hotel, meals, drinks, taxis, laundry and other incidental costs. Sydney is now the fif-

tieth most expensive city, dropping from forty-fifth last year. This compares with $528 in Tokyo, $435 in Stockholm, $431 in Baghdad, $427 in New York and $338 in London, which climbed from seventeenth to sixteenth. The cheapest city surveyed was Caracas, Venezuela, where $ll2 will last a day.