Everything else has gone up in 5 year wages, gas, electric,petrol, food, beer .
Rising price of living in Australia
The Deutsche report uses prices in New York as a baseline, and converts all prices to $US. It echoes the findings of the Economist Intelligence Unit's annual Worldwide Cost of Living survey, which ranked Sydney and Melbourne as the third- and equal-fourth most expensive cities in the world to live.
Ten years ago, not a single Australian city was in the top 10
EGO Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
