Kathmandu. The Israeli city of Tel Aviv has been declared the world’s most expensive city to live in. In this list, the city has surpassed two Asian cities, Hong Kong and Singapore.
According to a list released by the Economist Intelligence Unit on Wednesday, Tel Aviv is the most expensive city in the world. Tel Aviv, which was in fifth place last year, has surpassed Paris and Zurich this year.
Paris and Singapore are in second place. Zurich is fourth, Hong Kong fifth, New York sixth, Geneva seventh, Copenhagen eighth, Los Angeles ninth and Osaka tenth.
Oslo 11, Seoul 12, Tokyo 13, Vienna and Sydney 14, Melbourne 16, Helsinki and London 17, Dublin, Frankfurt and Shanghai are in 19th place.
Oil prices have risen sharply due to rising prices of groceries and transportation. According to the country’s monetary purchasing power, oil prices have risen by 3.5 percent in a single year.
Inflation has been rising sharply in the last five years. The Italian capital, Rome, dropped from 32 to 48th place. In Hong Kong, petrol is priced at डलर 2.50 per liter.