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Zurich, Singapore world's most expensive cities

(UPDATE) PARIS: Zurich and Singapore are the most expensive cities in the world, ahead of New York amid the ever-rising cost of living, according to rankings published Thursday by The Economist magazine.

The British Weekly estimated that prices have increased an average of 7.4 percent over the past year in 173 major cities, a slight slowdown compared to a record 8.1 percent inflation in 2022.