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New city index

4/11/2013

FOREX Bank’s city index compares price levels and the cost of popular products in 24 cities around the world. For example we compare the price of a pint of beer, a meal at a budget-class restaurant, a 5km taxi ride and the average price for a night’s stay at a hotel.

  The most recent index shows that cities in Eastern Europe are the cheapest weekend destinations this spring; Budapest, Riga, Tallinn and Prague. These cities are at the top of the list mainly due to low hotel and restaurant prices but also due to the strong Swedish Crown. Lisbon, Barcelona and Madrid are good value-for-money choices for those wanting sun and warmth.

   The most expensive cities are Geneva and New York, followed by our neighbouring capital city, Oslo.


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