In early December, the Economist Intelligence Unit (EIU) released the “Worldwide Cost of Living 2021” report.Hong Kong, which ranked first last year, fell to fifth place below Zurich by end of 2021, while Tel Aviv in Israel became the city with the highest cost of living in the world for the first time, mainly because of the soaring local exchange rate and the sharp rise in prices of commodities and real estate, especially residential buildings.The more developed a city is, the higher its cost…
Source : South China Morning Post
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