1、 GLOBAL WEALTH AND LIFESTYLE REPORT 2024 2 FOREWORD Christian Gattiker-Ericsson,CFA,CAIA,Head of Research Welcome to the 2024 edition of our Global Wealth and Lifestyle Report.This is a report designed to capture the cost of living extremely well on a global scale.After every new edition,I immediate

2、ly look for what has changed and sometimes even more insightful what has not.Thanks to your valuable feedback,I know that many of our readers do the same.So let us jump straight to the matter at hand:What has changed?Of course,prices have changed for the basket of high-end goods and services this ye

3、ar to the tune of 4 per cent on average in USD and on a global scale.The price of some of the items we follow have changed more dramatically.Take the cost of a hotel suite,for example,where prices in Asia Pacific dropped by almost 11 per cent while they rose by almost 34 per cent in the Americas(dri

4、ven by NYC).The rankings of the 3 major cities have changed as well.Zurich,my hometown,moved up a full eight positions in the rankings and other European cities such as Milan(+6)and Paris(+5)also followed suit,pushing EMEA to the top of the regional rankings.The flipside is that the Americas becomes

5、 the least expensive region and APAC drops to second place,with Tokyo now bottom of the APAC ranking having lost a stunning 15 positions since 2022.What has not changed?The level of price increases continued to decline on a global scale.Hardcore economists would say that inflation has been slowing b

6、ecause the 4 per cent price increase is still far slower than the 6 per cent last year,not to mention the high-single-digit increases we witnessed before the pandemic.Another thing that didnt change much is the cities at the top and at the bottom of our index.Singapore and Hong Kong remain among the