Tel Aviv, the capital of Israel, is the most expensive city in the world to live in, according to the latest Worldwide Cost of Living study. .

The Economist Intelligence Unit compiled the report (EIU). It evaluates price

Various quality of life measures in various cities.

Key Points :

• Most Expensive City: For the first time, Tel Aviv, Israel, took first place, surpassing Paris, France, which fell to second place behind Singapore.
• Zurich and Hong Kong were the next two places, tied with Paris and Singapore.
• Geneva came in seventh, with New York coming in sixth.
• Report Methodology: Because New York City prices serve as the baseline for the index, cities with currencies that are stronger versus the US dollar are likely to score higher.
• The Result’s Scope The 2021 Worldwide Cost of Living Index compares the prices of more than 200 common goods and services while tracking the cost of living in 173 different places around the world.
• Effects of COVID-19 The cost of living has increased in several of the largest cities due to supply chain bottlenecks and shifting consumer demand. In addition, inflation is at its quickest rate in the previous five years.
• Indian Scenario: Ahmedabad, Gujarat, is one of the ten cheapest cities in India according to the survey.
• Syria’s capital, Damascus, is the most affordable city. In the list of the least expensive cities, it is followed by Almaty (Kazakhstan), Tunis (Tunisia), Tripoli (Libya), and Tashkent (Uzbekistan).

Economist Intelligence Unit (EIU).

• The Economist Group, which is a sister company to The Economist newspaper, has a research and analytical division called the Economist Intelligence Unit (EIU).
• Additionally, the EIU publishes the Democracy Index, which offers a global overview of democracy in 165 independent states and two territories.
• India comes in at number 53 on the EIU’s Democracy Index.