The World's Most Expensive Place to Live

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The EIU's world's cost of living survey tracks the prices of about 200 goods and services in 172 cities worldwide. On average this year, we found that the cost of living prices have risen by 8.1% year on year in local currency terms. The highest inflation rate again is in Venezuela, so Caracas. But not everywhere is feeling the same sharp squeeze. There are even places where it's got cheaper to live this year.

The Chinese leader who took over a squabbling party following the Tiananmen Square massacre surprised the world by stifling dissent, overseeing a staggering economic awakening—and occasionally breaking into song. We examine the lessons to be drawn from his legacy. After scores of failures, a new Alzheimer’s treatment shows real promise. And our annual ranking of the world’s most expensive cities.

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