Israel’s one of the prominent city Tel Aviv has been named as the World’s most expensive city globally, according to a survey report published on Wednesday. Tel Aviv ranked top because of the strength of the national currency, the shekel, against the dollar, as well increases in prices for transport and groceries.
In the survey, France’s capital Paris and Singapore came joint second, followed by Zurich and Hong Kong. New York was in sixth, with Geneva in seventh. According to the survey, the Worldwide Cost of Living Index has also increased by comparing prices in US dollars for goods and services in 173 cities.