These are the most expensive (and cheapest) cities in 2022, according to The Economist

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The most expensive cities in the world are New York and Singapore together, according to the annual survey by The Economist Intelligence Unit.

It is the first time that New York has led the ranking. Last year’s number one, Tel Aviv, is now in third place.

Overall, the average cost of living in the world’s largest cities increased 8.1% this yearaccording to the survey.

The war in Ukraine and the impact of covid-19 on supply chains were also identified as factors behind the increase.

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