These are the 20 most expensive cities in Europe to live in

The cost of living has increased strongly this year in the world, according to the prestigious ranking of the firm ECA International.

The price of food and energy have skyrocketed, especially due to the war in Ukraine, and the price of housing has risen sharply due to high demand, which has caused a drop in the quality of life and the ability to citizen purchase.

The price of palm and sunflower oil has risen 25% globally, while the price of gasoline has risen 37%, according to a study of 490 cities and regions around the world.

Europe, highly dependent on energy, has been one of the continents hardest hit by inflation, which in May reached an average of 8.1% in the European Union.

The consultant has focused its analysis on London, the second most expensive city in the region, although it has drawn up this list with the 20 cities with the highest cost of living in Europe.

1. Geneva, Switzerland

2. London, UK

3. Zurich, Switzerland

4. Bern, Switzerland

5. Copenhagen, Denmark

6. Oslo, Norway

7. Stavanger, Norway

8. Reykjavik, Iceland

9. Stockholm, Sweden

10. Luxembourg (city)

11. Paris, France

12. Vienna, Austria

13. Dublin, Ireland

14. Amsterdam, Netherlands

15. The Hague, Netherlands

16. Munich, Germany

17. Helsinki, Finland

18. Moscow, Russia

19. Frankfurt, Germany

20. Rome, Italy

Experts explain that the city that has become more expensive this year is Reykjavík (Iceland), and in the world table it has risen 10 places in just one year, which will punish tourists who want to travel to the famous island.

How much does a coffee cost in London

ECA also highlights the city of London as one of the places where prices have risen the most in Europe, describing the 20% growth in the cost of housing as “alarming”.

For comparison, the firm has collected how much different products cost in the most expensive cities in the world, and these are the results.

A cup of coffee in a restaurant

– London: $4.16

– New York: $5.08

– Hong Kong: $5.21

1 kilo of tomatoes

– London: $4.58

– New York: $6.55

– Hong Kong: $11.51

1 liter of milk

– London: $1.36

– New York: $1.76

– Hong Kong: $3.27

1 liter of sunflower oil

– London: $3.08

– New York: $5.68

– Hong Kong: $5.83