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Which has been the most expensive place for much of the past decade. sumana rajarethnam is from the economist intelligence unit and is in singapore. what has changed to mean that new york is now top of the list with singapore? taste new york is now top of the list with singapore? with singapore? we think a ulobal with singapore? we think a global cost-of-living - with singapore? we think a global cost-of-living crisis, global cost of living crisis, when we look at the index across all the cities that we track globally, inflation is up 8.1%, there are some structural issues that feed into the story of singapore and new york. part of singapore and new york. part of that is supply restrictions during the pandemic, there was a lot of stimulus, especially in the us. during the pandemic and as we come out of it, we were hit with the war in ukraine and that pushed prices up ukraine and that pushed prices up a lot. additionally to that, we also have covid 19 ....
Ability to some degree of the people that live here, to be able to absorb some of these price increases and the higher cost of living is there, so they tend to be a correlation between them. not in all cities but certainly in singapore. also across many different cities. it depends on how the governments are helping their citizens or the people who live in those cities deal with the cost of living crisis. they are subsidising certain goods like fuel or like food. 0ther fuel or like food. other support and safety nets for different segments of the population, so these are all questions that come in, but what we track with the cost of living isjust what we track with the cost of living is just the cost of goods and that gives us a good comparison across all the cities. ,, . . comparison across all the cities. ,, ., ., ., ., ., cities. sumana ra arethnam, thank you. h cities. sumana ra arethnam, thank you, from h cities. sumana rajarethnam, thank you, from the - cities. sumana rajarethnam ....
Is really practical, so actually increase the number of stores rather than reduce. we have closed 23 stores since 2019, so it will be returning to something close to those levels. but still, a net increase on where we are today. all right, let s talk about india, you know, which is among your top ten markets. what are your growth plans, expansion plans for the region? what sort of investments have you lined up for india in the next few years? so, the business is doing remarkably well here. we have 200 stores. we are very widely distributed, and unlike many brands, prestige international brands in india, we are not just in primary cities. we are in secondary and tertiary cities as well. so we are imagining doubling the size of the business over the next three years. finally we all know there s a cost of living crisis around the world but what is the most expensive city to live in? according to an annual report produced by the economist intelligence unit, new york has risen to the to ....