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- Posted:Tuesday, December 1, 2009
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Well, hallelujah! The expensive side to the city seems to be a thing of the past, if results from a new study are to be believed. According to the PriceRunner International Price Comparison report, as brought to my attention by the Daily Telegraph, London is now no longer the runner-up in the race to find the most costly town. It is currently sitting pretty in 20th position, due in large part to the fact that many retailers have been slashing prices to tempt people in to buy their Christmas presents.
Now those in the area can get a Nintendo Wii for £166.65 (down from £179.99) and a cup of coffee for £1.63 (which used to cost £1.83). And a litre of milk costs just 86p, so those in London hostels can certainly afford a cuppa while they're out getting their family's gifts this year.
Not so lucky are holidaymakers in Oslo as, for the third year in a row, the city has claimed the prize for being the most expensive place to go. There, a can of coke will cost you £1.37 so think before you buy!
And even better news for those in London hostels - a recent study by Deloitte found that accommodation in the city is considered popular by most, with London topping the rankings of European hotel occupancy rates. Hooray!
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