Singapore and New York are jointly the world’s most expensive cities after inflation soared this year, an annual survey showed on Thursday (1 Dec). The pair displaced last year’s number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU).
The survey revealed “the soaring cost of living in the world’s biggest cities as the war in Ukraine and continuing pandemic restrictions disrupt supply chains, particularly for energy and food”.
