Q. Which cities are ranked at the top of the Economic Intelligence Unit releases Cost of Living Index 2022?
Answer:
New York and Singapore
Notes: As per the Economic Intelligence Unit Cost of Living Index 2022, New York and Singapore rank as the world’s most expensive cities.
As per the index, the average cost of living is up by 8.1 per cent in 2022, due to the Russian war in Ukraine and the effects of the pandemic. The EIU evaluates more than 400 individual prices across more than 200 products and services in 172 cities, to produce the list.