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Tel Aviv tops the list of most expensive cities in the world.

Tel Aviv, the capital of Israel, is now the most expensive city in the world to live in. Rapid inflation has pushed up the prices of all kinds of goods and services in the town.

The outbreak of the coronavirus around the world, like other countries, has had a devastating effect on the Israeli economy.

According to the Economist Intelligence Unit (EIU) ‘s official ranking system, the Israeli city has advanced five times in 12 months after winning the unpleasant badge from joint winners Paris, Hong Kong, and Zurich last year. – BBC and Guardian.

most expensive cities,
Tel Aviv,
Tel aviv
Most expensive cities, Paris
Paris

The French capital Paris has moved to second place jointly with Singapore. Zurich and Hong Kong are among the top five most expensive cities in the world. New York ranks sixth in the United States. It is followed by Geneva, Copenhagen, Los Angeles, and Osaka.
London has moved up three places to 17th position in the list of most expensive cities. Sydney is 14th, and Melbourne is 16th.

Economist Intelligence Unit (The EIU)

Although the Israeli currency has strengthened against the dollar, transport and grocery prices have risen. Tel Aviv has the second-highest cost of alcohol and transportation.
Also sixth in entertainment and fifth in personal service. This is the first time an Israeli city has been seen at the top of the Economist Intelligence Unit’s index.

The survey compared the cost of goods and services in US dollars in 183 cities. According to the EIU, data collected in August and September showed that the average value of the local currency had risen by 3.5 percent. This is the fastest inflation record in five years.

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