Tel Aviv overtakes Hong Kong, Paris and Zurich as most expensive city to live in

Surge up the table partly due to the strength of the national currency against the dollar, as well increases in prices for transport and groceries

Tel Aviv has been ranked the world’s most expensive city to live in thanks to the rapid rise in inflation that has pushed up the cost of a whole range of goods and services across the world in the wake of the coronavirus pandemic.

The Israeli city climbed five spots in the past 12 months to take the unwanted title away from last year’s joint winners of Paris, Hong Kong and Zurich, according to the authoritative ranking system compiled by the Economist Intelligence Unit (EIU).

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Source Link: https://www.theguardian.com/world/2021/dec/01/tel-aviv-overtakes-hong-kong-paris-and-zurich-as-most-expensive-city-to-live-in

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