Tokyo, Zurich have highest food prices
Out of 73 major cities worldwide, Tokyo and two Swiss cities have the most expensive food prices, with India bringing up the rear, according to the "2009 Prices and Earnings" report published by banking giant UBS on August 19. The food prices are based on a basket of 39 food items weighted mainly toward Western European tasted, the report notes, perhaps because UBS is a Swiss-based company.
New York City was used as the standardised mean in the survey, with each city indexed against the "Big Apple" for comparision.
The average worldwide cost of the standardised shopping cart was US$571 in New York City.
Tokyo had the most expensive food bill, at more than 84 per cent above the mean, closely followed by two Swiss Cities, Zurich and Geneva.The cheapest food can be found in India, a country with more than 600 million people in poverty, according to the UN. Mumbai and Delhi offered the cheapest foodstuffs at US$153 and US$178 respectively.
Caracas, Venz
uela, has shot up 37 places since the last ranking in 2006 to offer the fourth-most expensive food prices, probably dueto an inflation rate of 30 percent during the interim. Kiev, Ukraine, at US$211 for the shopping cart, is perhaps a surprising entry as the third-lowest total.
10 Most Expensive City
Food Price ($) Index: NYC=100
1 Tokyo 712 124.72 Zurich 658 115.43 Geneva 633 111.04 Caracas 604 105.95 New York 571 1006 Chicago 552 96.77 Hong Kong 551 96.58 Oslo 532 93.39 Los Angeles 526 92.210 Copenhagen 515 90.2 Notable CitiesParis 511 89.5Singapore 510 89.4Toronto 414 72.6Bangkok 362 63.5London 357 62.6Beijing 348 60.9Moscow 292 51.2Buenos Aires 256 44.8Nairobi 247 43.2Cairo 228 40.05 Cheapest Cities69 Johannesburg 222 38.970 Mexico City 216 37.971 Kiev 211 36.972 Delhi 178 31.273 Mumbai 153 26.9Labels: by Muhammad Redzuan