Tuesday, February 7, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News World News

New York, Singapore top ‘world’s costliest city’ survey

AFPbyAFP
December 1, 2022, 10:00 am
in World News
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

New York and Singapore are jointly the world’s most expensive cities after inflation soared this year, an annual survey showed Thursday.

The pair displaced last year’s number one Tel Aviv, which fell to third place this time round in the Worldwide Cost of Living index from London-based Economist Intelligence Unit (EIU).

The survey revealed “the soaring cost of living in the world’s biggest cities as the war in Ukraine and continuing pandemic restrictions disrupt supply chains, particularly for energy and food”.

New York hit the top spot for the first time, while Damascus and Tripoli remained the cheapest cities.

Prices rocketed by an average 8.1 percent in the 172 major cities covered by the EIU survey, conducted between August and September.

ADVERTISEMENT

The survey “also shows the impact of the strong US dollar on our city rankings”, it noted.

A total of 50,000 worldwide prices were converted into dollars.

The US currency has jumped this year as the Federal Reserve hikes interest rates by large amounts to try and tame decades-high inflation.

In addition to New York, Los Angeles and San Francisco moved into the top ten.

The biggest upward movers were Moscow and St Petersburg, “which shot up by 88 and 70 places respectively as prices soared amid Western sanctions and buoyant energy markets supported the rouble”.

Upasana Dutt, who headed the research, said “the war in Ukraine, Western sanctions on Russia and China’s zero-covid policies have caused supply-chain problems that, combined with rising interest rates and exchange-rate shifts, have resulted in a cost-of-living crisis across the world.”

“We can clearly see the impact in this year’s index, with the average price rise across the 172 cities in our survey being the strongest we’ve seen in the 20 years for which we have digital data,” she added. 

Tags: InflationNew YorkSingaporeSurveytop world
ADVERTISEMENT
AFP

AFP

Related Posts

UN chief fears world headed for ‘wider war’ over Ukraine

byAngelica Villanueva
February 7, 2023, 6:40 pm
0
8
UN chief fears world headed for ‘wider war’ over Ukraine

United Nations chief Antonio Guterres warned nations Monday that he fears the likelihood of further escalation in the Russia-Ukraine conflict...

Read more

Optimistic Biden to try to lift US via State of Union speech

byAFP
February 7, 2023, 6:30 pm
0
8
Junta to jail Suu Kyi for 3 years for poll fraud

Washington—An optimistic President Joe Biden will seek to lift an often-unenthusiastic nation Tuesday with a State of the Union address...

Read more

N. Korea pledges military ‘expanded, intensified’ drills

byAFP
February 7, 2023, 6:20 pm
0
8
Nokor says it tested ‘tactical nuke’ cruise missiles

Seoul—North Korea’s top army officials have said they will expand and intensify military drills to ensure their readiness for war,...

Read more

UNDP study: Jobs, not doctrine, lure for Africa’s jihadists

byAFP
February 7, 2023, 6:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Geneva—Poverty and the prospect of better-paid work, rather than ideology, are what fuel recruitment to jihadist and other violent groups...

Read more

Pakistan lifts ‘blasphemy’ ban on Wikipedia

byAFP
February 7, 2023, 6:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Islamabad—Wikipedia was back online in Pakistan on Tuesday, after the country’s prime minister ordered authorities to lift a block imposed...

Read more

Disney+ in Hong Kong drops ‘Simpsons’ episode with ‘forced labour’ mention

byAFP
February 7, 2023, 1:00 pm
0
8
Disney+ in Hong Kong drops ‘Simpsons’ episode with ‘forced labour’ mention

An episode of "The Simpsons" that refers to "forced labour camps" in China is nowhere to be found on the...

Read more

Print Edition

View More

Recent Posts

  • Misdeclared
  • First day
  • Anti-narcotics campaign nets P30.9b worth of drugs in 2022
  • Remulla moves to deactivate BI Port group over anomalies
  • Senate bills seek to protect more habitats across country
  • Women’s club conducts tree planting in La Mesa
  • Agri group opposes new economic partnership plan
  • CHR probes rape cases in Laguna, Cavite

Advertisement

Latest News

Women’s club conducts tree planting in La Mesa

byManila Standard
February 7, 2023, 10:20 pm
0
8
Women’s club conducts tree planting in La Mesa

In observance of its 102nd founding anniversary, the National Federation of Women’s Clubs of the Philippines (NFWC) led by its...

Read more

Agri group opposes new economic partnership plan

byMacon Ramos-Aranetaand1 others
February 7, 2023, 10:15 pm
0
8
QC expands free testing program for COVID-19

Federation of Free Farmers Board chair Leonardo Montemayor said the group is strongly opposing the Regional Comprehensive Economic Partnership (RCEP),...

Read more

CHR probes rape cases in Laguna, Cavite

byRio N. Araja
February 7, 2023, 10:10 pm
0
8
CHR probes fatal shooting of teenager

The Commission on Human Rights (CHR) regional office in Calabarzon is now conducting a motu proprio probe into two separate...

Read more

DENR-EMB seeks zero waste goal

byRio N. Araja
February 7, 2023, 10:00 pm
0
8
DENR-2 beefs up solid waste drive

The Department of Environment and Natural Resources (DENR) is urging the public to be part of the solution to take...

Read more

UnionBank’s SRO

byManila Standard
February 7, 2023, 9:52 pm
0
8
Google to release Bard chatbot to rival ChatGPT’s app

Union Bank of the Philippines concludes its P12-billion stock rights offering with the listing of its shares at the Philippine...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App