Tokyo named world's most expensive city for 2013

The Intelligence Unite of The Economist has published a report, "The Worldwide Cost of Living 2013." According to the report, the most expensive city in the world is Tokyo. The list closes with Mumbai and Karachi, reports the Times of India.

For an average Indian, life in Mumbai and Delhi costs a pretty penny. Therefore, the research published in The Economist raises many eyebrows in India: life in Mumbai and Karachi is the cheapest, in comparison with other countries. New Delhi is only one position higher.

The first position on this year's list belongs to Tokyo. The Japanese capital is followed by Osaka, Sydney, Oslo, Melbourne, Singapore, Zurich, Caracas and Geneva. According to experts, one kilogram of bread in Tokyo is nine times more expensive as it is in Mumbai. Curiously, a bottle of table wine in Mumbai costs $23 and $15 - in Tokyo.

Last year, Moscow was included on the list of the world's most expensive cities.

The list closes (in addition to three above-mentioned Indian cities) with Kathmandu, Algeria, Bucharest, Colombo and Panama.

The research "The Worldwide Cost of Living 2013" is based on the assessment of more than 160 different objects, from food to the cost of transport, private schools and recreational services.