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Surprise in the

ranking of the 10 most expensive cities in the world

prepared each year by The Economist.

In 2021, Israel's

Tel Aviv

has risen four places to become the most expensive city due to the strengthening of the shekel, the local currency, and accelerating inflation.

The

Intelligence Unit of

this publication (EIU), which produces specialized annual reports, has highlighted the

shortage of food, raw materials, alcohol and transportation

in Tel Aviv as the reason for its first position.

The podium is completed by

Paris

, so far the most expensive city in the world, and

Singapore

.

They are followed by

Zurich

,

Hong Kong

,

New York

,

Geneva

and

Copenhagen.

The ranking

compares the prices of more than 200 products and services

in 173 cities around the world.

The data, collected in August and September, reflects a

3.5% price increase in local currency

, the fastest inflation rate in the last five years.

The report also shows that

the average cost of a liter of unleaded gasoline

in all cities was

21% higher than the previous year

.

Higher prices that the EIU attributes in much of the world to supply chain problems related to the coronavirus pandemic.

The cheapest cities in the world

On the other hand, the cities with the lowest cost of living in the world are

Damascus

, in Syria, and

Tripoli

, in Libya.

Also excel

Tashkent

(Uzbekistan),

Tunisia

,

Almaty

(Kazakhstan),

Karachi

(Pakistan),

Ahmedabad

(India),

Algiers

(Algeria),

Buenos Aires

(Argentina) and

Lusaka

(Zambia).

According to the criteria of The Trust Project

Know more

  • Syria

  • Argentina

  • Algeria

  • India

  • Pakistan

  • Libya

  • Coronavirus

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