These were the world’s most expensive cities to live in in 2021, according to a new report

Around the world, high inflation and problems with supply chains are floating up prices and increasing pressure on U.S bank bills.

But the squeezing will probably be felt more sharp in Tel Aviv, Paris, Singapore, Zurich and Hong Kong – the top 5 most expensive cities to live in, according to the worldwide cost of Living report of the Economic Intelligence Unit.

the Israeli city climbed five places from last year for the first place in driven largely by their rising currencies and price increases for as regards one-tenth of goods in the city.

Paris – the best of 2020 expensive city – shared second place this year with Singapore, with Zurich and Hong Kong take fourth and fifth place respectively in.

Most US cities fell down the rankings this year after the government injected money in the economy as part of their COVID-19 response.

The global costs of living survey calculated inflation rate of prices at 3.5 percent die the says is the fastest registered over the past five years.

This calculation does not include Caracas, Damascus, Buenos Aires and Tehran die experience hyperinflation.

Elsewhere, the cheapest cities to live are largely in Africa, the Middle East and parts of Asia with Damascus retains its place as the cheapest place in the world until live by last year.

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