Hong Kong falls in most expensive cities ranking

"Before it got permanently labelled as among the most expensive places to live on the planet, Hong Kong took a dramatic fall in global rankings — from 33rd in 2010 to 45th last year. This is according to a study made by the human resources consultancy ECA International. 

The global chart showed Tokyo as the most priciest places to live, followed by Oslo. Soaring inflation didn’t matter much as Hong Kong fell from sixth to seventh in Asia after Tokyo, Nagoya, Yokohama, Kobe and Singapore."

Link (submitted by Johannes)