New York was the world’s most expensive metropolis in 2022, sharing the unwanted title with, as soaring energy prices doubled the inflation rate across the major global cities, according to the Economist Intelligence Unit’s annual survey.
Cities in countries where their currency slumped featured among those dropping down the listing of most costly cities. Japan’s Tokyo and Osaka were among the 10 biggest drops, ending at 37th and 43rd respectively, down from 13th and 10th in 2021. The three UK cities surveyed all dropped down the rankings, with London now 28th from 17th in 2021. Edinburgh came in at 46th, down from 27th, while Manchester was 73rd most expensive compared with 41st last year.
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