Tel Aviv is the most expensive city in the world, in Rome the strongest collapse – Time

Tel Aviv is the most expensive city in the world, in Rome the strongest collapse – Time
Tel Aviv is the most expensive city in the world, in Rome the strongest collapse – Time

Rome, 1 Dec. – (Adnkronos) – It is no longer Paris but Tel Aviv is the most expensive city in the world, while Rome has registered the sharpest decline due to the collapse in the prices of clothing and basic necessities. This is confirmed by the survey by the weekly ‘The Economist’ which every six months processes a series of data in its Worldwide Cost of Living Survey: behind the Israeli metropolis is Paris (on a par with Singapore), followed by Zurich, Hong Kong and New York. Last – in the ranking that examines the costs of more than 200 products and services in 173 countries – the Syrian capital Damascus.

Compared to the previous edition, Rome drops by 16 positions, from 32nd to 48th, placing itself just ahead of Berlin, which is confirmed as the ‘cheap’ capital, with a drop of eight places to number 50 which makes it the cheapest of the six German cities listed. Frankfurt is the most expensive German city and ranks 19th. If Rome records the strongest drop in terms of positions (with a cost of living of 77 points, compared to 100 in New York), the strongest leap is that of Tehran which with 81 points (+19 points) leaps from the 50th at the 29th position.

The Economist’s survey highlights the impact of inflation on living costs, due to the hikes caused by supply chain problems and coronavirus-related measures that have limited production and trade. Transportation costs have increased sharply due to the rise in oil prices, but significant increases are also recorded in spending on leisure, tobacco and personal hygiene. Overall, the British weekly has the highest rate of price growth in the last five years, at 3.5% yoy in local currency in 2021, compared with an increase of just 1.9% in 2020 and 2, 8% in 2019.

Source

Tel Aviv expensive city world Rome strongest collapse Time

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