According to the fresh global rating, this year Singapore and Zurich are recognized as the most expensive cities in the world, ahead of even New York.
The top 10 most expensive cities in the world in the rating for 2023 included: Singapore, Zurich, Geneva, New York, Hong Kong, Los Angeles, Paris, Copenhagen, Tel Aviv and San Francisco.
According to the Economist Intelligence Unit (EIU) report, Worldwide Cost of Living 2023, Singapore bypassed New York, with which he shared the first place last year, because of the impressive costs of motor transport, high alcohol prices and increasing the cost of products.
Zurich moved from sixth place last year to a leadership position, which was partly due to the strength of Swiss Frank, as well as high costs for household goods and entertainment.
In general, world prices increased by an average of 7.4%, compared to the previous year, which is slightly less than the previous rate of 8.1%.
Damascus remains the cheapest city, although the cost of living there increased by 321%.
