Financial Tribune - The Economist Intelligence Unit’s latest Cost of Living report on the cost of living in 133 cities shows Tehran ranks 106th among the most expensive cities of the world.

The ranking has climbed 14 places, meaning the cost of living has increased in the Iranian capital compared to other cities under review.

Hong Kong, Singapore and Osaka are joint leaders on the EIU's 2020 Worldwide Cost of Living Survey.

The Japanese city of Osaka has replaced Paris, making the all-Asian trio the topmost expensive cities.

The biannual survey, which evaluates the cost of over 160 goods and services in 133 cities around the world, has been carried out for more than 30 years.