BANGKOK, 7 June 2011 (NNT) – The capital of Thailand is rated second as the city with the highest living costs in ASEAN, according the 2011 cost of living survey of the Economist Intelligence Unit (EIU) of the Economist Magazine.
It was found that Singapore had the highest living cost in the ASEAN region and was ranked tenth in the world while Bangkok and Kuala Lumpur, the capital city of Malaysia, were ranked second and third in ASEAN as well as 72nd and 90th in the world respectively.
EIU economists said prices of domestic products and exchange rates were the major factors driving the living cost in Asian countries.
Read more: NNT
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It doesn’t surprise me. Since I moved to Bangkok a decade ago, things have become very expensive, particularly food, supermarket shopping and entertainment. Bangkok is soon going to be out of reach of the average working class Thai if the government doesn’t get inflation under control.