New York and Singapore will share the unwelcome accolade of the world’s most expensive city as soaring energy prices added pressure to systemic affordability issues.
Last year’s leader Tel Aviv dropped to third, while Sydney snuck into the top 10 and Moscow and St Petersburg in Russia scaled the rankings by as much as 88 places as sanctions and buoyant oil prices propelled prices higher, the EIU’s Worldwide Cost of Living report found.
The three UK cities surveyed all dropped down the rankings, with London now 28th from 17th in 2021. Edinburgh came in at 46th, down from 27th, while Manchester was 73rd most expensive compared with 41st last year.
