London is the most expensive major European city, with the French capital Paris coming in second, according to the results of a new study published on Monday.
A standard basket of 250 goods and services bought in London cost 5,3% more than the average throughout the 12 countries which use the common euro currency, according to the Dresdner Kleinwort Wasserstein report.
Paris came second, 1,3% above the eurozone average, followed by Frankfurt (+0,8%) and Brussels (-0,4%), according to the results which were published in Monday’s Financial Times daily.
Madrid, which came in at 2,5% cheaper than the eurozone average, was pronounced the cheapest major European city.
Outside of the eurozone, but these days part of the enlarged EU, Warsaw was named the least expensive European capital, judged to be 21,7% cheaper than the eurozone average.
The study pronounced that the price gap between the major European cities was gradually narrowing.
Another study, published in June, listed London as the most expensive city in Europe and third in the world rankings, due mainly to high housing and transport costs.
In that study the Japanese cities of Tokyo and Osaka were ranked first and second, with Paris coming in 12th. – AFP