Moscow and St.Petersburg, Russia experienced the largest price drops worldwide, dropping 105 and 74 places in the ranking respectively. While Russia is experiencing import and labor shortages, this drop has largely been impacted by the depreciation of the Russian rouble, which has depreciated by around 60% since 2022. In China and Japan, the drop has also been attributed to weakening currencies. Meanwhile, Singapore and Zurich were ranked the most expensive cities in the world.
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World Economic Forum. (December 22, 2023). Cities with the largest drop on the rank of the most expensive cities worldwide in 2023 [Graph]. In Statista. Retrieved July 13, 2025, from https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/
World Economic Forum. "Cities with the largest drop on the rank of the most expensive cities worldwide in 2023." Chart. December 22, 2023. Statista. Accessed July 13, 2025. https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/
World Economic Forum. (2023). Cities with the largest drop on the rank of the most expensive cities worldwide in 2023. Statista. Statista Inc.. Accessed: July 13, 2025. https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/
World Economic Forum. "Cities with The Largest Drop on The Rank of The Most Expensive Cities Worldwide in 2023." Statista, Statista Inc., 22 Dec 2023, https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/
World Economic Forum, Cities with the largest drop on the rank of the most expensive cities worldwide in 2023 Statista, https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/ (last visited July 13, 2025)
Cities with the largest drop on the rank of the most expensive cities worldwide in 2023 [Graph], World Economic Forum, December 22, 2023. [Online]. Available: https://www.statista.com/statistics/1419132/worldwide-cities-price-drop/
