2006 UBS Study "Prices and Earnings", A global comparison of purchasing power in 71 cities around the world.

The “Prices and Earnings” survey, issued by UBS every three years, presents a global overview of the prices of goods and services, wages, wage deductions and working hours, and the resulting purchasing power in 71 cities on all continents. Information is based on a survey comprising more than 35,000 individual data points. Based on historical data, the survey’s analytical section examines long-term trends in price convergence in Europe and differing values attached to earned income versus leisure time, among other topics.

Oslo, London, Copenhagen, Zurich and Tokyo are the world’s most expensive cities in relation to a standardized basket of 122 goods and services. The UBS study "Prices and Earnings" shows that life is particularly expensive in London and New York if the cost of housing is included. The basket of goods and services costs the least in Kuala Lumpur, Mumbai, Delhi and Buenos Aires.

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