Tel Aviv bypassed Paris and Hong Kong prices, becoming the most expensive city in the world in the current year. This is stated in the study of analysts by the British Economist Group on the basis of 2021.
How to report economists, last year Tel Aviv held the fifth place on the high cost after Paris, Hong Kong, Osaka and Geneva.
The rise of Tel Aviv to the first position of the rating is explained by the long increase in the exchange rate of the Israeli Shekel in relation to the US dollar, as well as an increase in the cost of food and travel in public transport.
The status of the cheapest city for living in the world has been preserved for Damascus.
The biggest “jump” distinguished the capital of Iran Tehran, who rose from 79 to the 29th place due to US sanctions, which caused a shortage and price increase.