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Cities with the largest drop on the rank of the most expensive cities worldwide in 2023

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Sources

Release date

December 2023

Region

Worldwide

Survey time period

August 16 to September 16, 2023

Number of respondents

173 cities

Supplementary notes

Based on the prices of over 200 goods.

Citation formats

Cities with the largest price drop worldwide 2023, by position move

Published by ÌÇÐÄÆƽâ°æ Research Department, Jan 18, 2024

Moscow and St.Petersburg, Russia experienced the largest price drops worldwide, dropping *** and ** places in the ranking respectively. While Russia is experiencing import and labor shortages, this drop has largely been impacted by the depreciation of the Russian rouble, which has depreciated by around **% since 2022. In China and Japan, the drop has also been attributed to weakening currencies. Meanwhile, Singapore and Zurich were ranked the most expensive cities in the world.

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Topics

Cost of living in the U.S.Wages and salaries in the U.S.Inflation in the U.S.Housing market in the U.S.Affordable housing in the U.S.
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