CURRENT AFFAIRS

Detailed explanation-1: -1. The Peak. The Peak has become the epitome of wealth since the British times and still doesn’t give up the title. Not only is it the most expensive neighborhood in Hong Kong, but it also heads the list in the world.

Detailed explanation-2: -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-3: -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-4: -New York tied with Singapore for the world’s most expensive cities of 2022. It’s the first time NYC has topped the list; Singapore is frequently at No. 1.