This is great news that the city would certainly have done without. New York becomes the most expensive city in the world for the first time according to the ranking drawn up by The Economist. Blame it on inflation and a strengthening dollar. A place he shares though with a regular, Singaporean occupying this position for the eighth time in ten years. On the French side, Paris is still among the most expensive cities, but still drops a few ranks. Thus he falls from fifth to ninth place.
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A little game of musical chairs that we owe to the global crisis, according to the British magazine. Inflation has affected prices and the cost of living in many countries. “ Prices increased by an average of 8.1% over a year (in local currency) in 172 major cities around the world, the largest increase in at least 20 years “, the media also explain in its 2022 Cost of Living Report, published on Thursday 1 December. The Economist he also points out that the fastest price increases have been recorded for petrol, electricity, food and basic household items. Prices for leisure activities, on the other hand, remained stable.
Top 10 most expensive cities in the world:
- New York, USA / Singapore, Singapore (even)
- Tel Aviv, Israel
- Hong Kong, Hong Kong
- Los Angeles, United States
- Zurich, Switzerland
- Geneva, Switzerland
- San Francisco, United States
- Paris, France
- Copenhagen, Denmark
- Sydney, Australia
