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Published 13:17 27 Nov 2016 GMT
Updated 13:18 27 Nov 2016 GMT
The ranking was affected by a range of different factors, including everything from currency valuation, inflation and salaries down to the average price of a loaf of bread, a bottle of wine, 20 cigarettes and a litre of petrol.
Weak confidence in the Euro meant that Paris was the only Eurozone city in the top ten; London, Copenhagen and Geneva also warranted a mention alongside New York, Seoul and Los Angeles.
At the other end of the spectrum, meanwhile, five cities in India were ranked amongst the ten cheapest cities in the world, with Lusaka in Zambia coming out as number one on the list.
For more information on the report, check out the Economist Intelligence Unit website.
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