CURRENT AFFAIRS

Detailed explanation-1: -Mumbai, June 29, 2022: According to Mercer’s 2022 Cost of Living survey, Mumbai (127) is the most costly city in India in terms of both living expenses and accommodation costs.

Detailed explanation-2: -New York and Singapore have topped the list of the most expensive cities in the world in 2022, as global prices soar by more than 8%, making the cost of living in the world’s leading cities even less affordable for ordinary people.

Detailed explanation-3: -New York was the world’s most expensive metropolis in 2022, sharing the title with Singapore, as soaring energy prices doubled the inflation rate across the major global cities, Economist Intelligence Unit’s annual survey said.