Hong Kong is no longer the most expensive city in the world to live in, according to rankings released by The Economist Intelligence Unit (EIU) on Wednesday, losing the top spot to Tel Aviv, as cities clocked the highest inflation rate in five years.The Israeli city climbed four places to top the rankings for the first time on the back of a stronger currency and hikes in grocery and car prices. Hong Kong was ranked fifth this year as prices of clothing and personal care, including haircuts,…

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