Zurich, tied with Singapore, is the world’s most expensive city, according to a ranking by British magazine The Economist. Geneva is joint third. Switzerland’s biggest city Zurich has thus moved up five places since the last ranking, according to data published on Thursday by the Economist Intelligence Unit (EIU), the analytical research unit of the Economist Group. The city’s top position is partly due to the strong Swiss franc. However, high prices for food and leisure activities also played a role. + Read more: why is Switzerland so expensive? Zurich and Singapore (1st place each) were followed in the EIU ranking by Geneva and New York (3rd place each), Hong Kong (5th), Los Angeles (6th), Paris (7th), Copenhagen and Tel Aviv (8th) and San Francisco (10th). Damascus cheapest According to the EIU, the cheapest city in the world is Syrian capital Damascus (173rd). It is followed by the Iranian capital Tehran (172nd) and Libya’s capital Tripoli (171st). The Russian cities of...
