Zurich is the fourth most expensive city in the world
Tel Aviv has replaced Paris as the most expensive city. The French capital now ranks second with Singapore.
Living costs have become more expensive in the cities: Zurich is in fourth place.
Anadolu Agency via AFP/Mesut Zeyrek
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–Life costs the most in the Israeli coastal metropolis of Tel Aviv.
AFP / Gil Cohen-Magen
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–… and Singapore.
AFP/Roslan Rahman
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According to an analysis by the British “Economist” magazine, the Israeli coastal metropolis Tel Aviv is now the most expensive of the cities covered. It replaces the French capital Paris, which now ranks second with Singapore.
According to the data published on Wednesday by the Economist Intelligence Unit (EIU), it is followed by the city of Zurich, followed by Hong Kong and New York. Compared to the ranking a year ago, Berlin slipped eight places down to 50th place, making it the cheapest of the six German cities included in the index.
Damascus is in last place
The most expensive is Frankfurt, which ranks 19th in an international comparison. The Syrian capital Damascus takes last place in the study entitled “Worldwide Cost of Living (WCOL)”.
Supply chain problems and the corona measures that restricted production and trade have contributed to the cost of living increased for many city dwellers, according to a release on the index. There have been strong increases in the cost of traffic due to the sharp rise in oil prices.
Overall, the study records the cost of living in 173 cities around the world and compares them with one another. The focus is on the prices for 200 goods and services.
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