Previous NextZurich and Paris have displaced Singapore and Osaka in a recent report on the world’s most expensive cities. The two Asian cities previously joined Hong Kong at the top of the rankings. According to the report, the ascent of Zurich and Paris to first place was due to the strengthening of the Swiss franc and the euro. The cost of essential products such as food and water stayed “resilient,” but low demand caused clothing prices to fall sharply. “Supply-chain problems have also had differing impacts on different goods, pushing up the price of high-demand products such as computers in some cities,” the report said.

Source: The Standard November 18, 2020 06:33 UTC