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 increase worldwide 2023, by position move
Of the cities who have experienced cost of living increases, the top three are located in Latin America, two in Mexico and one in Costa Rica. Each moved 38, 39, and 48 spots in the ranking respectively since 2022. Due to increases in interest rates, the Mexican peso and Costa Rican colón have both appreciated against the U.S. Dollar. Comparatively, Singapore and Zurich were ranked the most expensive cities in the world.
