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Tel Aviv declared the most expensive city in the world

The Israeli city, known for attracting tourists, nightlife fans and technology companies, faces rising prices for goods, transport and housing due to soaring inflation.

Tel Aviv beat Paris, Zurich and Hong Kong, taking for the first time the unenviable title of most expensive city in the world, thanks largely to runaway inflation. This Israeli city has long been touted as the fashion city of the Middle East, attracting tourists, nightlife fans and technology companies. However, for most of those who live in Tel Aviv, life has become quite complicated, with an escalation in the price of essential goods, transport and real estate.

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