Coronavirus has changed the list of the most expensive cities, Istanbul is now in the top 100

According to the Economist magazine’s research unit annual report, the Economist Intelligence Unit (EIU), Hong Kong, Zurich and Paris are the three most expensive cities in the world. Istanbul, on the other hand, was the city that has grown the most in terms of costs compared to the list a year ago. Istanbul rose 24 degrees simultaneously and became the 96th most expensive city in the world.

Singapore and Osaka, which were on par with Hong Kong last year, fell behind in the rankings. Prices in Singapore have fallen due to foreign workers leaving the country due to the Kovid-19 outbreak. Most Chinese cities have also become expensive due to tensions between the US and China that have pushed prices higher.

BANGKOK LUCKY 20 LINES FROM THE BANG

“In recent years, Asian cities have generally been at the top of the rankings, but the epidemic has changed the rankings this year,” said Upasana Dutt, head of the EUI’s Cost of Living Unit. Thailand’s capital Bangkok also dropped 20 places on the list, making it the 46th most expensive city.

LONDON INCREASED IN 3 STEPS

The EIU report is prepared for foreign workers and is prepared with the data that international companies use to determine the business travel of their employees and the payment of wages and expenses for foreign employees. Most Chinese cities top the list due to the technology war between the US and China that is straining their supply chains and driving up consumer prices.

London climbed three places to 20th on the list, while New York shared 7th place with Geneva.

CITIES OF WESTERN EUROPE ARE EXPENSIVE NOW

Cities in Latin America, Africa and Eastern Europe have been cheaper since last year, while cities in Western Europe have become more expensive. Four of the 10 most expensive cities were Zurich, Paris, Geneva and Copenhagen.

GREATER INCREASE IN TOBACCO AND FUN

The EIU World Cost of Living Index compares the prices of goods and services in 130 major cities in September. In general, prices remained stable, but commodity prices were more resilient than others, according to the report. While logistical problems have also raised prices, problems with products like toilet paper and pulp have pushed prices up in the same category.

Among the 10 categories of goods and services included in the report, the largest increase was recorded in tobacco and entertainment, while the largest decline was recorded in clothing prices. “The sharpest rise in consumer product prices was in computer prices, while clothing prices fell,” Dut said.