The most expensive cities to live in in 2022

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First up are the ones you'd expect there...

The Economist Intelligence Unit (EIU) presents the 10 most expensive cities to live in this year, based on the Worldwide Cost of Living Index, according to which the cost of living has risen by 8.1% this year thanks to numerous factors, such as the military operation in Ukraine, with accompanying effects a pandemic that does not want to give up.

Upasana Dutt, project leader at the EIU, told CNN: "We can clearly see the impact in this year's index, with the average price increase across 172 cities being the strongest jump we've seen in the past 20 years for which we have digital data. The jump in fuel prices in the cities was quite high, as it was last year, but food, utilities and household goods are becoming more and more expensive for those who live in the cities”.

In this list of the most expensive cities, the first place is shared by New York and Singapore, which is the first time that the Big Apple has been in this position. The third place is occupied by Tel Aviv, followed by Hong Kong and Los Angeles, which share the fourth place. Switzerland has two representatives on the top 10 list - Zurich and Geneva, followed by San Francisco, Paris and Copenhagen.

Otherwise, the list is based on the research of over 400 individual prices for more than 200 products and services in 172 cities. A wide range of companies were surveyed to measure price fluctuations over the past year.


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