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Friday, August 28, 2009



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, Venzuela, 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 712 124.7
2 Zurich 658 115.4
3 Geneva 633 111.0
4 Caracas 604 105.9
5 New York 571 100
6 Chicago 552 96.7
7 Hong Kong 551 96.5
8 Oslo 532 93.3
9 Los Angeles 526 92.2
10 Copenhagen 515 90.2


Notable Cities

Paris 511 89.5
Singapore 510 89.4
Toronto 414 72.6
Bangkok 362 63.5
London 357 62.6
Beijing 348 60.9
Moscow 292 51.2
Buenos Aires 256 44.8
Nairobi 247 43.2
Cairo 228 40.0


5 Cheapest Cities

69 Johannesburg 222 38.9
70 Mexico City 216 37.9
71 Kiev 211 36.9
72 Delhi 178 31.2
73 Mumbai 153 26.9

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