The Economist: Tel Aviv no longer world's most expensive city

• Author: Globes correspondent
• Published date: 01 December 2022
• Publication title: Globes (Rishon LeZion, Israel)

EIU's Worldwide Cost of Living survey found that prices had risen by 8.1% year on year on average in 172 major cities worldwide, the biggest one year rise in the 20 years that the survey has been published. The EIU attributed this to the war in Ukraine and continuing supply chain problems. In Asia the average annual rise in the cost of living was 4.5%

This year's survey, which was conducted between August 16th and September 16th 2022, found that the most rapid price increases (out of 400 products surveyed) were for a liter of petrol, which has risen by 22% year on year on average in local-currency terms amid higher global oil prices.

The EIL said, "The WCOL index also shows the...