Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Get in touch with us nowCities with the largest price drop worldwide 2023, by position move
Moscow and St.Petersburg, Russia experienced the largest price drops worldwide, dropping 105 and 74 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 60% 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.
