The Israeli coastal metropolis Tel Aviv is now the most expensive city in the world.
(Photo: dpa)
London According to an analysis by the British “Economist” magazine, the Israeli coastal metropolis Tel Aviv is now the most expensive of the cities covered. It replaces the French capital Paris, which now ranks second with Singapore.
This is followed by the data published on Wednesday by the Economist Intelligence Unit (EIU), according to the Swiss financial center Zurich, ahead of Hong Kong and New York. The last place in the study with the title “Worldwide Cost of Living (WCOL)” takes the Syrian capital Damascus.
Compared to the ranking a year ago, Berlin slipped eight places down to 50th place, making it the cheapest of the six German cities included in the index. The most expensive is Frankfurt, which ranks 19th in an international comparison. Also in the ranking are Stuttgart, Düsseldorf, Hamburg and Munich.
Supply chain problems and the corona measures that restricted production and trade have, according to it, contributed to the increase in the cost of living for many city dwellers. There have been strong increases in the cost of transport due to the sharp rise in oil prices.
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According to the index, German motorists have a hard time in Hamburg in particular: The Hanseatic city ranks fifth among the cities with the highest gasoline prices of all recorded cities worldwide. In the leisure, tobacco and personal care categories, too, consumers around the world had to spend significantly more money.
Overall, the study records and compares the cost of living in 173 cities around the world. The focus is on the prices for 200 goods and services.
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