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Dec 01, 2022 03:59 PM
WORLD

New York, Singapore Top List of Most Expensive Cities in the World

Customers gather at Peranakan shophouse bars in Singapore. Photo: Bloomberg
Customers gather at Peranakan shophouse bars in Singapore. Photo: Bloomberg

(Bloomberg) — New York and Singapore have emerged as the joint-most expensive cities to live in, according to a new worldwide survey.

The cost of living in 172 of the world’s major cities rocketed an average 8.1% over the past year, driven by factors including the war in Ukraine and supply-chain snarls, according to the Economist Intelligence Unit’s Worldwide Cost of Living report.

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