Zurich and Singapore Ranked as World's Most Expensive Cities to Live In

New York Drops to Third Place, with Los Angeles and San Francisco Also Among Top 10

• Zurich and Singapore have been ranked as the world's most expensive cities to live in, according to the Economist Intelligence Unit's (EIU) Worldwide Cost of Living 2023 report.
• New York, which held the top spot last year, has dropped to third place, tied with Geneva.
• Los Angeles and San Francisco are also among the top 10 most expensive cities, ranking sixth and tenth respectively.
• Overall, prices for over 200 commonly used goods and services rose by an average of 7.4% over the past year.
• Despite the high cost of living, the EIU anticipates a deceleration of inflation next year but warns of potential increases in energy prices due to the Israel-Hamas conflict and the impact of unexpected El Niño conditions on food prices.

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