The city of Zurich took first place together with Singapore in the British Economist’s ranking of the most expensive cities in the world. Geneva came third together with New York.
The city of Limmat has risen five places since the last ranking, according to data published on Thursday by the Economist Intelligence Unit (EIU), the analytical research unit of the Economist group. Zurich’s top position is partly due to the strong franc. But high prices for food or leisure activities also played a role.
Zurich and Singapore (1st place each) were followed in the EIU rankings by Geneva and New York (3rd place each), Hong Kong (5th place), Los Angeles (6th place), Paris (7th place), Copenhagen and Tel Aviv (any 8th place) and San Francisco (10th place).
According to the EIU, the cheapest city is the Syrian capital Damascus (rank 173). Ahead of her are the Iranian capital Tehran (rank 172) and the Libyan capital Tripoli (rank 171). The Russian cities of Moscow (rank 142) and St. Petersburg (rank 147) were among those that lost the most places due to the weakening of the ruble due to sanctions over the war in Ukraine.
According to its own information, the EIU collects the prices of more than 400 products and services in 173 cities twice a year and converts them into US dollars. The data for the current rankings was collected between mid-August and mid-September, before Israel’s war against Hamas. The outbreak of war has now affected exchange rates in Israel and thus the price level, the EIU writes. (sda)
Source: Watson
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