Posted 11/30/2023, 4:50:00 AM
Singapore and Zurich Top List as World's Most Expensive Cities This Year
- Singapore and Zurich tied as the world's most expensive cities this year in a ranking by the Economist Intelligence Unit (EIU)
- Prices for commonly used goods and services rose 7.4% on average in local currencies over the past year, down from 8.1% last year but still high
- Singapore has the highest transport and other living costs; Zurich has high grocery, household, and recreation prices
- Geneva and New York tied for 3rd place; Hong Kong was 5th and Los Angeles 6th
- Several Chinese and Japanese cities dropped in the rankings due to lower relative price increases