Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Global cost-of-living crisis continues as prices rise; Singapore, Zurich on top: EIU

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still significantly higher than the trend in 2017-2021, it said in a report.


Singapore and Zurich tied for the world's most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over.


On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.


Singapore regained the top of the rankings for the ninth time in the past eleven years due to high price levels across several categories.


The city state has the world's highest transport prices, owing to strict government controls on car numbers. It is also amongst the most expensive for clothing, groceries and alcohol.


Zurich's rise reflected the strength of the Swiss franc and high prices for groceries, household goods and recreation, it said.


Geneva and New York tied for third place, while Hong Kong was fifth and Los Angeles in sixth.


Asia continues to see relatively lower price increases on average compared to other regions, it said.


Chinese cities have fallen in its rankings with four cities - Nanjing, Wuxi, Dalian and Beijing - among the biggest movers down the rankings this year along with Osaka and Tokyo in Japan.


  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us