Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out the top five priciest places
According to Mercer's 2022 Cost of Living survey, Mumbai (127) is the most costly city in India in terms of both living expenses and accommodation costs
Asian cities are more expensive partly because "Covid didn't become an epidemic quite the same way it unfortunately became in the other cities in the index"
The other Indian cities in the list include, New Delhi at 118th place, Chennai (154), Bengaluru (179) and Kolkata (189). All the four cities have moved down from last year.
After topping the Economist Intelligence Unit's Worldwide Cost of Living Survey for five years, Asia's Singapore has been joined by Paris and Hong Kong in a tie at the top of the table