CURRENT AFFAIRS

Detailed explanation-1: -Hong Kong tops Mercer’s 2022 Cost of Living City Ranking, based on our latest research, followed by Zurich and Geneva, while Ankara closes the ranking at the 227th spot.

Detailed explanation-2: -Hong Kong is ranked the world’s most expensive city to live in for expats in 2022, bolstered by higher prices and a stronger currency over the past year.

Detailed explanation-3: -The survey includes over 400+ cities throughout the world; this year’s ranking includes 227 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment.

Detailed explanation-4: -Hong Kong has been named the most expensive city in which to live and work overseas this year, according to a new report which highlights the impact of rising living costs and worsening macroeconomic trends on the expatriate market.

Detailed explanation-5: -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.