Tel Aviv emerges as most expensive city to live in; Paris, Singapore share second place

Tel Aviv, Israel's capital, emerged as the world's most expensive city to live in for the first time, followed by Paris, Singapore, Zurich and Hong Kong.

Tel Aviv is the world's most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published on Wednesday.

The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU).