Tel Aviv is not the most expensive city in the world, Budapest is not in the top 100

Tel Aviv has the highest cost of living in the world

The EIU has calculated the local average price of four hundred individual products in a basket of goods and services made up of more than two hundred product groups, and has compiled an annual list of the cost of living in 173 major cities around the world.

The comparison is based on traditionally in New York which has a 100 livelihood index.

The EIU measured cost indices for 133 cities in previous years, but this year 40 new cities were added to the list. (Kertész Róbert, MTI)