Perth Named 12th Most Expensive City

Perth has trumped the likes of New York, Hong Kong and London to be awarded the dubious title of  12th most expensive city in the world.
In the Economic Intelligence Unit’s, latest Worldwide Cost of Living survey, Perth climbed an extra spot to reach the edge of he top ten, a feat many Perthites would hate to see happen. Other city’s from Australia to make the top 20 included Adelaide (18th), Brisbane (14th), Melbourne (8th) and Sydney (7th). Economists agree that the strength of the Aussie Dollar in the World Market and local inflation are to blame for soaring prices.
According to the survey, White Rise has risen by almost 400% in Perth over the last decade, and bread has followed suit.
The survey is conducted bi-annually and compares more than 400 individual prices across 160 products and services. They include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Check the Survey here.