Under the influence of the global pandemic crisis and the Russo-Ukrainian war, inflation and currency fluctuations are affecting the international economic balance and the cost of living for everyone.
The Cost of Living Survey of International Employees, a survey study by Mercer, a renowned asset management firm in the United States, provides multinational employers with the latest and most extensive data. Its study also allows everyone to have a glimpse of life around the world.
According to this research, Hong Kong ranks first in the 2022 Cost of Living for Expat Employees, followed by Zurich and Geneva. Three Asian cities—Singapore, Tokyo, and Beijing—made it into the top 10, ranking eighth, ninth, and tenth respectively. In its report, Mercer notes that the high rankings of many Asian cities are driven by inflation and strong currency policy….