According to a list of cities with the highest cost of living in the world released by a British think tank on December 1, Singapore and New York are tied for the top spot, while Hong Kong is fourth.
top 3
According to the Economist Intelligence Unit (EIU), New York and Singapore have both jumped to the top spot, while Israel's Tel Aviv, which ranked first in 2021, has dropped to third place this year.
Hongkong
In the published list of cities with the highest cost of living in the world, Hong Kong ranks 2nd in 2019, 3rd in 2020, 5th in 2021, and 4th in 2022.
According to Bloomberg, the rankings of the six cities with the highest cost of living in China have all risen, with Shanghai entering the top 20.
Top 10 most expensive cities in the world in 2022
●No. 1: Singapore/New York
●No. 3: Tel Aviv
●No. 4: Los Angeles (USA) / Hong Kong
●6th place: Zurich (Switzerland)
●7th place: Geneva (Switzerland)
●8th place: San Francisco (USA)
●No. 9: Paris (France)
●No. 10: Copenhagen (Denmark) / Sydney (Australia)
Japan
Japan's Tokyo fell 24 places to 39th as interest rates remained low, while the city of Osaka also dropped 33 places to 43rd.
Russia
St. Petersburg (St. Petersburg) and the capital Moscow (Moscow) rose 88 and 70 places, respectively, as Russia's currency, the ruble, was supported by Western sanctions and a buoyant energy market.
The cheapest city in the world
Damascus, the capital of Syria, and Tripoli, the capital of Libya, are the cheapest cities in the world.
Japan's import prices soared, the yen depreciated, and the corporate price index hit a record high ?
Ukraine｜The impact of corporate layoffs, rising prices, economic shrinkage and sanctions on Russia
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