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The cost of living in most parts of the world has changed as a result of the Covid-19 pandemic. This is due to currency volatility, supply chain issues, the impact of taxes and subsidies, and changes in consumer preferences.
According to The Economist Intelligence Unit (EIU), the cities with the highest cost of living in 2020 were Zurich (Switzerland), Paris (France), and Hong Kong. All three had a cost of living index of 103 points.
Singapore followed in fourth place with 102 points. Tel Aviv, representing Israel, was ranked fifth with an index of 101 points. Geneva, a city in Switzerland, was ranked seventh with an index of 100 points, equal to New York, USA, which is the benchmark for this index.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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