New York and Singapore rank as the world's most expensive cities, according to the Economist Intelligence Unit's (EIU) annual Worldwide Cost of Living survey.
New York tops the rankings for the first time, while Singapore is back in the top position for the eighth time in ten years.
Israel's Tel Aviv, which was found to be the world's most expensive city in 2021, is ranked at third place this year.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.