The Economist Intelligence Unit (EIU), which tracks daily spending in 107 cities around the world, gave to know a report indicating which were the most expensive to live in 2022 , and New York appeared for the first time at number one.
The list is made up of the following cities:
1. New York and Singapore (tie)
3. Tel Aviv, Israel
4. Hong Kong and Los Angeles (tie)
6. Zurich, Switzerland
7. Geneva, Switzerland
8. San Francisco, California, United States
9. Paris France
10. Copenhagen, Denmark
Although New York has famed for being a very expensive city, the reality is that this is the first time it has ranked first on the list, although it tied with Singapore.
Among the other cities in the United States that entered the top are Los Angeles, which tied for fourth with Hong Kong; in addition to San Francisco, which was ranked eighth.
The increase in inflation in the country caused costs to rise in these cities.
On the other hand, Tel Aviv was in third place as the most expensive city in the world, being that last year it had the first position, according to information from CNN.
Likewise, there were four European cities that were on the list, with Zurich in sixth place being the most expensive of them, followed by Geneva, Paris and Copenhagen.
In Europe, prices increased due to the increase in fuel costs. This as a result of the war between Russia and Ukraine. The cost of a liter of gasoline increased by 50% compared to the same period last year.
In addition to gasoline costs, the EIU said another The factor that caused prices in that region to rise was the uneven value of the euro, which is used by some European cities on the list, except for those in Switzerland, since they use the franc there.
To create the list, the EIU compares more than 2022 individual prices on more than 400 products and services in 107 cities. In addition, they examine a variety of businesses, both high-end and low-end, to get an idea of how much prices have fluctuated over the past year.
You may also be interested in:
– Today, you must earn more than $107 thousand dollars to buy an average home in the US
– The neighborhood of Brooklyn, where house prices have decreased by almost 50% this year
– They push a law in New York that would force adjust the minimum wage annually depending on inflation
2022