NY and Singapore the most expensive cities & More Trending News


New York and Singapore share the title as the world’s most expensive cities, based on the Economist Intelligence Unit’s annual Worldwide Cost of Living survey.

New York tops the rankings for the first time, whereas Singapore is again in the high place for the eighth time in 10 years.

Israel’s Tel Aviv, which was discovered to be the world’s most expensive metropolis in 2021, is ranked at third place this yr.

As effectively as New York, Los Angeles and San Francisco additionally moved up into the record of the 10 most expensive cities worldwide.

All 22 of the US cities in the survey rose up the rankings amid fast worth rises and a robust greenback.

Six of those – Atlanta, Charlotte, Indianapolis, San Diego, Portland and Boston – have been amongst the 10 cities exhibiting the largest jumps up the rankings.

The largest upward movers have been the Russian cities of Moscow and St Petersburg, which shot up by 88 and 70 locations, respectively, as costs soared amid Western sanctions and buoyant vitality markets supported the rouble.

Most different European cities fell down the rankings as the vitality disaster and weakening economies pushed down the worth of the euro and different native currencies.

Prices for fuel and electrical energy have been up by 29 per cent on common in native forex phrases in Western European cities as the area tries to wean itself off Russian vitality.

The Syrian capital Damascus and Libyan capital Tripoli stay the most cost-effective cities.

The survey has seen costs shoot up by 8.1 per cent year-on-year on common. This is the highest price in 20 years.

The conflict in Ukraine and persevering with supply-chain issues have contributed to cost rises, affecting manufacturing and commerce throughout the world.

This yr’s survey was performed between August 16 and September 16 in 172 main cities worldwide.

NY and Singapore the most expensive cities

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NY and Singapore the most expensive cities

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NY and Singapore the most expensive cities

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