Tel Aviv is the most expensive city in the world to live in.
This is what emerges from the 2021 Annual Report of the 'Worldwide Cost of Living Index' of the
Economist
group
which, for the first time, puts it at the top
.
The Israeli city climbs from fifth position to the top, overtaking
Paris and Singapore
, both paired in second place.
The growth of Tel Aviv - explained the Report - reflects "mainly the surge in its currency and the price increases for about a tenth of the goods in the city, driven by food and transport, in local currency".
"Property prices (not included in the calculation of the index) have also increased - added the Report - especially in residential areas".
In comparison,
Rome is the protagonist of the "greatest descent", passing from 32nd place to 48th
with "a particularly marked decline in its shopping basket and in clothing categories".
But
the biggest leap in the standings - according to the Report - was Tehran passed from 79th to 29th place.
"The revival of
US sanctions on
Iran - the Report underlined - has led to continuous shortages of goods and increased import prices".