Do you know which are the cities with the most expensive living in the world?! According to a survey made by the "Economist Intelligence Unit", it was concluded that the average increase in the cost of living for 2022, compared to the previous year, is 8.1%.
"The war in Ukraine, Western sanctions against Russia and China's zero-Covid policies have created problems in the supply chain, which combined with rising interest rates and changes in currency rates have led to an increase in the cost of living in all over the world," says EIU head of research Upasana Dutt.
She adds that “this impact is clear, as the average price increase in the 172 cities we studied in our research is the largest in the 20 years we've had digital data. The increase in fuel has been significant (as it was last year), but also food, utilities and other household goods are becoming more and more expensive for city dwellers.”
The 10 most expensive cities in the world are:
1- New York and Singapore
3- Tel Aviv
4- Hong Kong and Los Angeles
8- San Francisco