The highlight is Tel Aviv's surge to 2nd place, up +10 ranks from 2025, amidst energy markets disruptions in the region. German cities continue to dominate the top ranks, with Berlin 1st, Munich 6th and Frankfurt 7th, a lasting legacy of the energy crisis and the shift away from Russian gas and nuclear power. Oslo, London and Edinburgh complete the top 5.Cheapest utilities remain in Egypt, India and York (=1oo). Only Zurich, Geneva and San Francisco are more expensive on this measure than New York across our sample cities. The remaining US cities are all in top 10 on this measure, with Boston 5th, Los Angeles 7th and Chicago 8th . Oslo, Tel Aviv (+8 ranks from last year) and Seoul complete the top 10. a guide of how expensive our sample cities have become relativeto US. Overthe last decade, Warsaw, Prague and Budapest have stood out on this measure but many other European cities have also become more expensive. Meanwhile, many Asian cities, beyond Tokyo which has been a spotlight throughout this report, have Since 2012, when this report was first published, the change is more dramatic. The their groceries price indices increase relative to New York, three of them are in the