Tokyo ranks first in the EIU's rankings, 11% more expensive than No. 3 Sydney.
The model was developed by the Economist Intelligence Unit (EIU), a division of The Economist magazine.
EIU's index ranks Singapore tenth in terms of business costs, most South-East Asian economies are far cheaper.
The EIU's price checkers were collecting information in September for this week's release.
"In terms of GDP per capita, it is certainly getting poorer or not developing as fast, " the EIU's Thaker added.
The key will be a recovery in private investment which fell by over 4 percent in 2012 according to EIU estimates.
Some of the providers, including the EIU, share a portion of this in press releases, but others don't disclose any publicly.
The EIU report linked the climb to price volatility (inflation has reached 20 percent) and fixed exchange rates to the U.S. dollar.
The implications for the Kenyan economy are huge, Patriba Thaker, the Economist Intelligence Unit (EIU) regional director for Africa told BBC's World Business Report.
To find out, Kelly ordered a briefing book from some high-toned outfit like the Economist Intelligence Unit (EIU), an offshoot of The Economist magazine.
Therefore, I was interested to read a recent report by the Economist Intelligence Unit (EIU) that they sent along to get my thoughts.
The EIU sacked many of its expatriate staffers and freelance researchers.
Unintelligently, the EIU and Pearson panicked as the Asian crisis deepened.
Northwestern University's Kellogg School of Management, for example, tops the latest full-time MBA rankings of BusinessWeek and the EIU, and heads the FT's executive education open programs.
Today SI has 50 full-time staffers (many of them poached from the EIU and other well-capitalized rivals who could have--but didn't--squash Venus in the early days) and 70 part-time researchers.
According to Robert Wood, EIU's chief economist on Brazil, this is yet more bad news for the country, which took a tumble this year in the eyes of international markets.
The Worldwide Cost of Living survey is released twice a year by the EIU and compares hundreds of prices across 160 products and services, including items such as food, drink, rentals, utility bills, schooling costs and household supplies.
EIU's index measures the relative costs of doing business in 27 economies by compiling statistics relating to wages, costs for expatriate staff, air travel and subsistence, corporation taxes, perceived corruption levels, office and industrial rents, and road transport.
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