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Shanghai has become the most expensive place to live

02.09.2021,16:18


September 2, Fineko/abc.az. According to the World Wealth Report prepared by Julius Baer, Shanghai has become the most expensive place to live on Earth in 2020.

ABC.AZ reports that this is written by Secretmag.

Experts compared the consumer price index for 20 luxury goods in 25 cities of the world. The economic capital of China was able to take the first place mainly due to the increase in air ticket prices.

The former leader of the rating, Hong Kong, this time was in third place, the second place was taken by Tokyo.

According to experts, in the first year of the pandemic the prices for luxury goods, as well as equipment and medical services in Shanghai increased by an average of 6%.