According to a study by Economic Intelligence (AEI), New York and Singapore are jointly the most expensive cities in the world.
It is the first catalog with the largest volume in Oxford. Tel Aviv, last year’s No. 1, is now third.
Overall, the average cost of living in the world’s major cities rose 8.1 percent this year, according to the EIU.
The war in Ukraine and the impact of Covid on the supply chain were cited as reasons for the increase.
Istanbul recorded the highest price, with prices rising by 86 percent – followed by Buenos Aires (64 percent) and Tehran (57 percent).
New York ranks among the highest cost of living in the United States.
Los Angeles and San Francisco are also in the top 10 – earlier this year, prices in the US were the highest in more than 40 years.
The strength of the dollar in US cities is also a factor.
Moscow and St. St. Petersburg. St. Petersburg rose from 37th and 73rd to 88th and 70th, due to Western sanctions following Russia’s invasion of Ukraine.
In this study, prices of goods and services are measured in US dollars. At 173. Kyiv was not included in this year’s analysis.
EIU has collected more than 400 human values for 200 products and services from 172 countries around the world.
Upasana Dutta, who led the study, said the war in Ukraine, Western sanctions against Russia and China’s zero-covid policy had a “broad causal mechanism”.
This resulted in rising interest rates and fluctuating trade prices, as well as a global cost of living crisis.
The average price increase is “the highest we’ve seen in 20 years of digital data” in an EIU survey of 172 countries.
The biggest city
- First link – New York and Singapore
- 3 Tel Aviv
- 4 of them are connected to Hong Kong and Los Angeles.
- 7 Geneva
- 8 San Francisco
- 9 Paris
- 10. Sydney and Copenhagen
And it’s easy.
- 161. = Colombo, Bangalore and Algeria
- 164 Chennai
- 165 Ahmedabad
- 166 Almaty
- 167 Karachi
- 168 Tashkent
- 169 Tunisia
- 170 Tehran
- 171 Tripoli