As a result, New York, for the first time, and Singapore, for the eighth time in ten years, are at the top of the ranking of the most expensive cities, at the same time dethroning Tel Aviv in Israel, which had won last year.
Many US cities have risen in the rankings, thanks to the strength of the dollar in recent months, the currency into which prices are converted to determine the rankings. The rise in the dollar therefore translates mechanically into lower prices outside the United States. The city of Los Angeles thus rises to fourth place in the ranking, San Francisco to eighth.
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