Paris ties Singapore, Hong Kong as world's most expensive cities


Paris has been named the world's most expensive city to live in alongside Hong Kong and Singapore.

The three cities were given joint first place in a report by The Economist Intelligence Unit.

Venezuelan capital Caracas and Damascus in Syria were named the cheapest places to be a resident. 

Oliver Whitfield-Miocic explains why it costs a pretty penny to be a Parisian. 

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