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Most expensive cities in world: New York and Singapore

The UK-based The Economist magazine has released its annual Worldwide Cost of Living report. The report, which examined 172 cities, was based on rent prices, food and beverage and energy costs in the cities. Last year's winner, Tel Aviv, took third place while the New York and Singapore took the lead.

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Last year's first, Tel Aviv, fell to third place. Moscow came 37th, while St. Petersburg was ranked 73rd. Kyiv, the capital of Ukraine, was not included in the research.