Tel Aviv named as world's most expensive city to live in
(VOVWORLD) - Israel’s Tel Aviv has risen five places to become the most expensive city in the world, according to the Economist Intelligence Unit (EIU)'s Worldwide Cost of Living rankings.
 Tel Aviv is the world's most expensive city to live in. (Photo: EIU)
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The soaring shekel and price increases for goods including groceries and transport were the main factors in Tel Aviv taking the top spot, according to the EIU.
Paris and Singapore share the second position in the rankings, followed by Zurich (Switzerland) and Hong Kong (China). Other cities at the top 10 are New York (USA), Geneva (Switzerland), Copenhagen (Denmark), Los Angeles (USA), and Osaka (Japan).
The Syrian capital of Damascus remains the world’s cheapest city.