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Detailed explanation-1: -New York toped the rankings for the first time, tying with frequent leader Singapore, which is back in pole position for the eighth time in ten years, the report showed.

Detailed explanation-2: -Damascus was the cheapest city to live in in 2022. Image: EIU. Tel Aviv, which was the most expensive city in 2021, was pushed into third place by the rise in prices in New York and Singapore, while Hong Kong and Los Angeles completed the top five most expensive cities in the world.

Detailed explanation-3: -The Economist Intelligence Unit (EIU) has recently published its Worldwide Cost of Living Index for 2022. In this edition, New York and Singapore jointly top the rankings as the world’s most expensive cities to live in, while last year’s number one, Tel Aviv, now ranks in third place.

Detailed explanation-4: -Singapore, December 12 (ANI): The latest Economist Intelligence Unit (EIU) Worldwide Cost of Living (WCOL) Index released earlier this month declared Singapore and New York City (US) as joint “most expensive cities in the world". Tel Aviv (Israel) which topped the ranking in 2021 fell to third place.

Detailed explanation-5: -1. New York (tie): Prior to 2022, the Big Apple, despite being known for its luxury goods and pricey real estate, has never been at the top of the list. 1. Singapore (tie): The city-state has topped the list several times before, but shares its dubious distinction in 2022.