What The Economist Got Wrong Dubbing Tel Aviv World's Most Expensive City
The sharp increase in the value of the shekel relative to other currencies distorts the picture of Tel Aviv, but it is not the only factor
In an analysis by The Economist magazine on Tuesday, Tel Aviv had the distinction of being ranked the most expensive major city in the world. That dubious distinction prompts a recurring question regarding one of the major mysteries of the Israeli economy – why is there a substantial disparity between cost-of-living rankings that repeatedly show Tel Aviv as a very expensive city when data from the Central Bureau of Statistics indicate that price increases in Israel have been minor and the inflation rate in Israel is considerably lower than in other countries?
In the News
Paid by Ulpan Bayit
ICYMI
Yair Lapid Is the Most Israeli of All
El Al to Stop Flying to Toronto, Warsaw and Brussels
Roe v. Wade: The Supreme Court Leaves a Barely United States
How a Spanish Beach Town Became a Haven for Nazis
What's Ayelet Shaked's Next Move?
