Singapore remains most expensive city worldwide
Singapore maintained its pole position as the world’s most expensive city for the ninth time in the last eleven years, tying with Zurich (Switzerland) and overtaking New York (US), which fell to third place this year, according to the EIU's Worldwide Cost of Living survey.
Illustrative photo (Photo: VNA)Geneva tied in third place with New York, followed by Hong Kong, Los Angeles, Paris, Copenhagen and Tel Aviv.
The survey found that prices have increased an average of 7.4% over the past year in 173 major cities, a slight slowdown compared to a record 8.1% inflation in 2022. The study is based on the price of 200 products and services.
Upasana Dutt, head of Worldwide Cost of Living at EIU, said tthe cost-of-living crisis is hardly over and price levels remain much above historical trends. The expert expected inflation to continue to decelerate next year, as the lagged impact of interest-rate rises starts affecting economic activity, and in turn, consumer demand.
The cheapest city in the world is Damascus (Syria), followed by Tehran (Iran)./.
You should also see
Dien Bien: Tua Chua's tourism potential needs to be further promoted
Tua Chua highland district in the northwestern mountainous province of Dien Bien boasts a lot of potential and advantages for the development of top-tier tourism.
See more
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
