The sharp inflation rates, such as the more than 400% increase in egg prices in Buenos Aires and 300% in housing costs in Istanbul, are compelling people to rethink relocation plans amidst a global inflation crisis.
Mercer's 2023 ranking identified Hong Kong, Singapore, and Zurich as the most expensive cities globally, with high costs affecting not only rent and food but also essential utilities.
In Hong Kong, despite the high cost of living, residents benefit from an efficient transportation system and quality food options, balancing the financial burden with a rewarding lifestyle.
Singapore's living costs, particularly for rent, can reach $3,000 monthly, yet the city's healthcare and taxation systems support a high quality of life for residents.
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