Singapore is the world's most expensive city for the fifth year in the Economist Intelligence Unit's latest Worldwide Cost of Living report, with Paris and Zurich tied for second place. Asia-Pacific and European destinations dominated the ranks of costliest cities in the report, released this week. Tokyo and Osaka were conspicuous in their absence from the top 10, edged out by low inflation. As recently as 2013, Tokyo was the world's costliest city to live in. The Japanese capital dropped seven places to 11th over the past year. Hong Kong, last year's second-most expensive city, slipped to fourth place. Sydney rose four notches to break into the top 10, with Oslo, Geneva, Zurich and Copenhagen also climbing the list, which is compiled from a survey of 160 items across 133 countries. "Currency fluctuations continue to be a major cause for changes in the ranking," the EIU said. A weakening dollar meant no US city was among the 10 most expensive despite a rise in the relative cost of l...

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