The Economist Intelligence Unit’s Worldwide Cost of Living survey named Zurich, Paris and Hong Kong the world’s most expensive cities. Using New York as a benchmark, the research compared the price of 138 items in different cities around the world.
The current survey was compiled in September 2020 and it takes price changes from Covid-19 into account in its findings. Overall, the biggest price gains in U.S. dollars were seen in Tehran which climbed from 106th place to 79th position. Singapore and Osaka have slipped in the rankings this time around with the former seeing its prices drop as a result of a foreign worker exodus brought on by the pandemic.