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The COVID-19 pandemic has reordered the world’s most expensive cities list, putting Hong Kong, Zurich, and Paris in the top three spots.
Singapore and Osaka, which were joint first in 2019, have slid down the rankings to fourth and fifth place respectively, according to the Worldwide Cost of Living (WCOL).
Upasana Dutt, the head of the WCOL report, told Business Insider that this year has been “unusual” as COVID-19 has “impacted spending habits all over the world.”
Cities in the Americas, Africa and eastern Europe have become less expensive since 2019, whilst western European cities have become pricier, the report said.
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The coronavirus pandemic has revamped the list of world’s most expensive cities, putting Hong Kong, Zurich, and Paris in the top three spots.The Worldwide Cost of Living (WCOL) annual report from the Economist Intelligence Unit (EIU) revealed Wednesday that Singapore and Osaka, that were both joint-first in 2019, have tumbled down the rankings to fourth and fifth place respectively.The WCOL index examined the cost of living in 133 cities worldwide since the start of the year, amid the coronavirus pandemic. Zurich and Paris jumped up four places, overtaking Singapore and Osaka, to join Hong …
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