Strong economic growth in the United States led to a rise up the rankings for 14 of the 16 American cities included in the index
from The Economist Intelligence Unit gives the title of the world’s most expensive city to three places. Singapore marks its sixth straight year at the top of the rankings, and is joined there by Hong Kong and Paris. The survey, which compares prices across 160 products and services, finds that living costs in all three cities are 7% higher than in New York, the benchmark city.
Strong economic growth in the United States in 2018 led to a sharp appreciation of the dollar and a rise up the rankings for 14 of the 16 American cities for which prices are collected. The highest climbers were San Francisco and Houston ; New York itself moved up six spots to seventh and Los Angeles rose by four places to tenth. These movements represent a sharp increase in the relative cost of living compared with five years ago, when New York and Los Angeles tied in 39th position.
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