Singapore, Zurich Become World's Most Expensive Cities
- http://len-diary.blogspot.com/
Tel Aviv in Israel is among the other cities in the top 10. Though Israel is geographically an Asian county, the EIU report does not club Tel Aviv with other Asian cities.
The EIU notes that the survey was conducted “before the start of the Israel-Hamas war, which has affected the exchange rates in Israel and may have made it harder to procure some goods in Tel Aviv, thereby affecting prices.”
Kota Zurich, Swiss
- businessinsider.com
Major Asian cities see drop in rankings
Chinese cities such as Nanjing, Wuxi, Dalian and Beijing benefited from the country’s slow post-pandemic recovery and subdued consumer demand, leading to their decline in the rankings.
Two Japanese cities, Osaka and Tokyo, were among the biggest movers down the ranking this year. The weaker Japanese yen forced Tokyo to slip 23 places to 60th position, while Osaka dropped 27 spots to rank 70th.
The Syrian city of Damascus continued to be the cheapest city in the world despite a 321 per cent increase in its cost-of-living basket price.
These are the 10 most expensive cities in the world
Rank 1 (tied) - Singapore
Rank 1 (tied) - Zurich
Rank 3 (tied) - Geneva
Rank 3 (tied) - New York
Rank 5 - Hong Kong
Rank 6 - Los Angeles
Rank 7 - Paris
Rank 8 (tied) - Copenhagen
Rank 8 (tied) - Tel Aviv
Rank 10 - San Francisco
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