It's the first time NYC has appeared at the top of the list.
To come up with its ranking, the EIU looks at everyday expenses in 172 cities across the world. More than 400 individual prices across more than 200 products and services are assessed, including everything from the high-end to the low-end. It’s a pretty comprehensive look at what it’s like to live on Earth at this moment, with prices rising all over the place, from the grocery store to the gas station.
“We can clearly see the impact in this year’s index, with the average price rise across the 172 cities in our survey being the strongest we’ve seen in the 20 years for which we have digital data,” Upasana Dutt, the head of worldwide cost of living at EIU, said in a statement. “The rise in petrol prices in cities was particularly strong , but food, utilities and household goods are all getting more expensive for city-dwellers.”, which sat atop last year’s ranking.
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