http://www.bangkokpost.com/travel/trave ... the-region
Bangkok now second costliest city in the region
Published: 12/03/2012 at 10:05 AM
Newspaper section: Life
Our capital has become the second most expensive place to live in Southeast Asia after Singapore, according to a Worldwide Cost of Living survey conducted by the Economist Intelligence Unit (EIU).
Is the cost of living in Bangkok as high as its skyline? Results of a recent survey imply that that is indeed the case.
It found that Bangkok has moved up three places in the rankings from 66th position six months ago and 12 months ago to 63rd position currently.
"The index has moved up in the last year, probably because consumer prices have moved up more quickly in Bangkok," said EUI chief analyst Jon Copestake.
For example, 1kg of white rice was found to cost $1.44 (45 baht) compared to $1.28 (40 baht) last year and $0.66 (20 baht) five years ago. Petrol prices were also discovered to have increased from $0.69 (21 baht) per litre five years ago to $1.10 (34 baht) last year and $1.20 (37 baht) currently.
Another reason for the apparent increase in the cost of living here, Copestake said, was the strengthening of the value of the baht in relation to the US dollar.
"The ranking has not moved much, though, because many cities around Bangkok have also been moving upwards in the ranking," he noted.
The EIU's bi-annual survey is a purpose-built internet tool designed to calculate cost-of-living allowances and build compensation packages for expatriates and business travellers. It compares more than 400 individual prices across 160 products and services. They include food, drink, clothing, household supplies and personal-care items, rent for accommodation, transport costs, utility bills, fees for private schools, wages for domestic help and recreational costs.
It found that the 10 most expensive cities out of 131 places surveyed were Zurich, Tokyo, Geneva, Osaka/Kobe, Oslo, Paris, Sydney, Melbourne, Singapore and Frankfurt.
In Southeast Asia, Singapore topped the chart, followed by Bangkok, Jakarta (70th position on the complete list), Kuala Lumpur (74th), Bandar Seri Begawan (93rd), Hanoi (110th), Ho Chi Minh (113th), Phnom Penh (114th) and Manila (120th)................................................. (Continued at link)