The Tel Aviv is the most expensive city in the world to live in as rising inflation has pushed living costs soaring worldwide, according to an annual survey the results of which were published on Wednesday (01/12/2021).
The Israeli city has surpassed it in accuracy Paris and Singapore and climbed five places and reached the top of his world rankings Economist for the first time.
THE Global Living Cost Index is comparing US dollar prices for goods and services between 173 cities.
The Tel Aviv climbed to the top because of the strength of its hryvnia Israel – shekel – against the dollar as well as due to rising prices for transport and grocery stores.
It is currently the second most expensive city in terms of alcohol and transportation, the fifth most expensive in terms of personal care and the sixth most expensive in terms of entertainment. It is in the top one third and in the top 10 spending categories defined by EIU, while his score rose by five points compared to last year.
The Paris and the Singapore share the second place and follow the Zurich and Hong Kong. THE New York is in sixth place and the Geneva in the seventh.
Completing the top ten h Copenhagen is in eighth place, the Los Angeles in the ninth and the Osaka of Japan in the tenth.
Last year, the first place in the ranking was shared by Paris, the Zurich and Hong Kong.
The Iranian capital rose from 79th to 29th place as US sanctions pushed up prices and caused shortages.
It is worth noting that the Athena was in sixth place for the highest cost of gasoline among all the cities on the list, surpassing the Rome, τη Stockholm, the Reykjavik and Helsinki and ending immediately after Hamburg, the Tel Aviv, the Oslo, the Amsterdam and Hong Kong.
THE Damask is the city with the lowest cost of living, followed by Tripoli in Libya and the Tashkent, its capital Uzbekistan.