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The “Economist” magazine published today (Thursday) the ranking of the most expensive cities in the world for 2022, according to a global survey of the cost of living. The results of the ranking showed that Tel Aviv is in third place, right after Singapore and New York, which are both tied for first place. After the Israeli city, Hong Kong and Los Angeles are ranked fourth together.
According to the data, prices in the world’s largest cities jumped by 8.1% on average in local currency terms; And the main reason for this is the aftermath of the war between Russia and Ukraine that broke out in April 2022, and the accompanying global economic effects. “Everyone is feeling the pinch,” the Economist wrote.