If you feel that you are afflicted due to expensive houses, household expenses and massive inflation, then take a look at these cities of the world. Maybe you will get some peace of mind. Because, at least, you are not living in the world’s most expensive cities. The list of the most expensive cities in the world has arrived, the names of which may surprise you.
Zurich Overtakes Everyone and Occupies The Number One Position.
Zurich has secured the number one position on this list, beating everyone else. Last year, this city was at number 6. The strength of the Swiss franc, expensive food and groceries, and high entertainment costs have pushed Zurich to the top of the list. Singapore and Zurich have overtaken New York to become the most expensive cities in the world.
Syria’s Capital, Damascus, Is The Cheapest City
Syria’s capital, Damascus, remains number one on the list of cheapest cities. Mexico’s Santiago de Queretaro and Aguascalientes have made the most progress on the list with the help of the peso strengthening against the dollar. Due to the weakness of the Japanese currency Yen, Tokyo slipped 23 places to the 60th position, and Osaka slipped 27 places to the 70th position. 173 cities were included in the survey.
New York, On Top Last Year, Slipped To Third Position.
The cost of owning a car, expensive houses, high liquor prices and rising grocery prices in Singapore have left New York behind. New York had made the number one spot last year. Along with New York, Geneva and Hong Kong are at number three. In this way, all these cities have reached the top of the list of expensive cities.
The Impact Of Recession After Covid-19 Was Visible On Hong Kong
During this period, global prices have increased by 7.4 per cent. It was 8.1 per cent last year. The impact of reduced demand due to the recession in China after COVID-19 was also visible in Hong Kong. This city has slipped down to 5th position. Apart from New York, Los Angeles has made it to the sixth position and San Francisco to the 10th in the top-10 list. Paris was number 7, and with Copenhagen, Israel’s Tel Aviv was also number 8.
