What are the 10 most expensive cities in the world? New list has appeared
The Economist Intelligence Unit (EIU) has released a list of the most expensive cities in the world to assess living costs globally.
According to British Broadcasting Corporation (BBC), the EIU survey ranks to the city of Israel Tel Aviv as the most expensive city in the world to live, while Paris and Singapore together on the list.
According to reports, the city of Israel was ranked fifth in last year’s survey.
Also last year, Paris, Zurich and Hong Kong shared their first position in the EIU survey.
However, Zurich and Hong Kong are the fourth most expensive and fifth cities in the world this year, while New York Sixth, Geneva is the seventh, Copenhagen eighth, Los Angeles Tenth and Osaka.
According to reports, when compiling this list, expenses for products and services in 173 cities have been reviewed and this price has been compared in the US dollar.
According to the intelligence economist unit, the data collected in August and September this year showed that prices in terms of local currency increased by an average of 3.5%, the fastest inflation rate in the last five years.
According to reports, the city of Israel Tel Aviv sustains a list of the most expensive cities, mainly reflects the increase in the value of Israeli currencies against the dollar.
The EIU survey report further states that Tel Aviv is the second most expensive city in the world in terms of transportation and the sixth most expensive in the world in terms of free time.
In addition, according to a survey report, Syrian City Damascus is still the cheapest country in the world to stay this year.