Dear MEL Topic Readers,
These are the world's most expensive cities in 2021
As 2021 is coming to an end, those who live in major cities have different feelings about the cost of living. While the residents in Tel Aviv, Israel, and Buenos Ailes in Argentina might have felt a sharp increase in prices in commodity items, those who live in developing areas haven’t seen much change this year. Overall, many major cities have been experiencing price increases due to the supply of goods, which have led to shortages and higher prices. Since the coronavirus pandemic doesn’t seem to end in the near future, inflation seems inevitable in most large cities. In fact, this year's Worldwide Cost of Living index released by the Economist Intelligence Unit (EIU) shows the index has risen by 3.5% this year in local currency bases, a sharp increase from last year’s 1.9%. As the coronavirus pandemic seems to keep affecting production and trade around the world and wages have been rising in many sectors, it is expected the cost of living further increase in major cities. Time for inflation. The question is how much.
Enjoy reading the article about which cities have become more expensive to live in this year.
https://edition.cnn.com/travel/article/world-most-expensive-cities-2021/index.html
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