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COVID knocks Singapore and Osaka off top of expensive cities list

Hong Kong still No. 1 as pandemic spreads deflationary pressure, survey finds

SINGAPORE -- Singapore and Osaka no longer lead the ranks of the world's most expensive cities, as the COVID-19 pandemic has applied some deflationary pressure, the Economist Intelligence Unit's latest Worldwide Cost of Living Survey shows.

The report, released on Wednesday, saw Singapore fall to fourth, from first place in the previous edition published in March. Osaka, which surprised many by tying for first in the previous survey, dropped into a tie for fifth with the Israeli city of Tel Aviv.

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