Singapore and Zurich Take Top Spot for World's Most Expensive Cities in 2023
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Singapore and Zurich tied as the world's most expensive cities in 2023, overtaking New York which shared the top spot in 2022. Pricey groceries, household items, and car ownership costs contributed.
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Geneva, Hong Kong, Los Angeles, Paris, Copenhagen, Tel Aviv, and San Francisco rounded out the top 10 priciest cities.
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Overall global prices rose 7.4% on average, slightly less than 2022's 8.1% increase.
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Chinese cities dropped down the rankings due to slow post-pandemic recovery and weak consumer demand.
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Damascus remained the world's cheapest city, though costs still rose 321% there. Utility price increases were the slowest out of 10 categories.