New York, Singapore most expensive cities to live in, finds global survey

New York and Singapore have emerged as the joint-most expensive cities to live in, according to a new worldwide survey.

The cost of living in 172 of the world’s major cities rocketed an average 8.1% over the past year, driven by factors including the war in Ukraine and supply-chain snarls, according to the Economist Intelligence Unit’s Worldwide Cost of Living report. 

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places.

Asian cities tended to escape the steep price rises seen elsewhere, with the average