A dream or future plan for many could be: Moving to a big city and starting a new life.
But, as we all know, metropolitan living has a cost, especially if you choose certain cities, which, according to a new study, are the most expensive cities in the world.
The Economist Intelligence Unit (EIU), which evaluates 133 global cities and compares the price of a basket with 138 daily items in each, has ranked the most expensive places.
Currency fluctuations due to the pandemic, which have included a fall in the US dollar, mean that destinations in Africa, America and Eastern Europe have become less expensive since March, while Western Europe, when the euro has risen in value against the dollar , has seen price increases. The Swiss franc has also risen in value.
The study and surveys also found that prices for electronic products have also changed, rising globally. Clothing prices, meanwhile, have plummeted. Both changes come because of the people who work from home.
Major food products mostly have the same price, while personal care products, tobacco and alcohol have all increased.
"The pandemic has transformed consumer behavior, as blockages and trends such as work from home have pushed up the prices of consumer electronics and home meal equipment has taken the place of restaurant dining for middle-class families," said Upasana Dutt. , the leader of the world cost of living in the EIU.
As for the future, the EIU predicts that trends will continue, so even during 2021, people will give priority to major products and home entertainment rather than clothing.
The most expensive cities in the world to live (2020):
1. (draw) Paris, France
1. (tie) Hong Kong
1 (draw) Zurich, Switzerland
4. Singapore
5. (draw) Osaka, Japan
5. (draw) Tel Aviv, Israel
7. Geneva, Switzerland
8. New York
9. Copenhagen, Denmark
10. Los Angeles
Source: CNN
