Dear MEL Topic Readers,
The world’s most expensive cities in which to live in 2023
Only a few weeks left to close 2023. How was the year like for your
wallets? The good news is the rate of inflation seems decelerating from 8.1% last
year to 7.4% because of higher interest rates, slowing economic activity, and
thus lower consumer demands. The bad news is prices are rising in most places
in the world due to inflation, armed conflicts, and extreme weather conditions
fueled by global warming and El Nino. Then if you compare the cost of living, which
major cities are more expensive to live in this year? Among 173 major cities in
the world, Zurich and Singapore are found to be the most expensive cities to live
in, according to the annual Worldwide Cost of Living Index by the Economist
Intelligence Unit. Genova, New York, Los Angles, and San Francisco are also among
the top 10 list, partly due to strong Swiss Frac and US dollar. What about your
place? Has your income increased more than inflation?
Read the article and learn about the places where the cost of living is
more expensive than the rest of the world.
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