- MAP Asia Pacific Ltd
These are the most expensive cities to live in around the world
How much money we spend and on what is being extensively reshaped by the coronavirus pandemic.
That’s the conclusion of an annual index on the world’s most expensive cities, that saw Zurich and Paris displace Singapore and Osaka to join Hong Kong as the three priciest locations on the planet.
Cities in the Americas, Africa and Eastern Europe became less costly over the year, while those in Westerm Europe became relatively more expensive, in part reflecting a rise in European currencies against the US dollar. Upasana Dutt, who oversees the Worldwide Cost of Living report at The Economist Intelligence Unit, says some of the currency weakness was because the survey took place in September, when the Americas were suffering acutely from the pandemic.
Among 10 categories, tobacco and recreation – which includes consumer electronics – rose the most, while clothing costs fell.