If you've been thinking the cost of life in Australia is killing you slowly, your instincts are correct. Australia has been listed as the most expensive country in the world for the fourth year in a row.
Deutsche Bank released its annual report, Mapping the World's Prices, which compares the cost of first-world essentials — iPhones, Levi's jeans, beer and cigarettes — in U.S. dollars in countries across the world. The U.S. ranks as the least expensive developed country. Yet, the gap between the U.S. and Australia has been narrowing.
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