According to Julius Baer’s Lifestyle Index 2023 which

Solution

  According to Julius Baer’s Lifestyle Index 2023 which ranks the world’s 25 most expensive cities, Mumbai becomes the 18th most expensive city for luxury living.  The lifestyle index is prepared by analysing residential properties, cars, business class flights, business school, degustation dinners, and other luxuries.  According to the Index, Asia has the maximum number of costly cities for luxury living. The continent has retained the position for the fourth year in a row.  Singapore has emerged as the costliest city to live in across the world. In the last survey, Singapore was at the fourth spot behind Shanghai, Hong Kong, and Taipei.    Mumbai rose from the 24th spot last year to the 18th this year.     In particular, hotel suites (39.1 per cent), business class flights (32.9 per cent), and cars ( 25.2 per cent) have seen the highest average rises of all regions.