Israel's Tel Aviv became the most expensive city globally.

If you think that Paris or Singapore is the most expensive place to live, then you are wrong. Because Tel Aviv in Israel is one of the most expensive cities in the world. Tel Aviv topped the list of most expensive cities for the first time, jumping five places in the official rankings released by the Economist Intelligence Unit (EIU). So Paris and Singapore are joint seconds on this list. Zurich and Hong Kong follow this. New York is sixth, and Geneva is seventh.

How the survey happened

he list includes cities that are most expensive to live in, which is determined on the basis of the Worldwide Cost of Living Index. The first thing to look at is the value of the local currency against the US dollar.

Denmark's Copenhagen ranks 8th in the top 10 of the EIU's public rankings, Los Angeles 9th in the US, and Japan's Osaka 10th most expensive city. On the other hand, not a single city in India is in the top-10 list of most expensive cities.

Tel Aviv's national currency, the Shekel, has risen in the rankings due to strengthening the dollar and increasing transport and rental prices. The survey also looked at local transport and grocery rates. This year's data was collected in August and September. This year's data was collected in August and September.

These cities topped the list of most expensive cities last year

Last year, Paris, Zurich, and Hong Kong were first joint in the Top Expensive Cities ranking. This year was a time of rising global inflation.

Source Divyabhashkar