Singapore and Zurich surpass New York to become the world's most expensive cities

Singapore regained the top ranking for the ninth time in the past 11 years

The city state has the world's highest transport prices

and is amongst the most expensive for clothing, groceries and alcohol

Zurich's rise reflects the strength of the Swiss franc

Geneva and New York tied for third place while Hong Kong was fifth

Some Chinese cities have fallen in the rankings with Beijing among the biggest movers

Asia continues to see relatively lower price increases on average compared to other regions