[ad_1]
EIU 2020 Cost of Living Report says life has risen the most in a year in Tehran, which has climbed 27 positions on US sanctions against Iran.
It is true that the financial research team pointed out that the drop in the dollar exchange rate due to the coronavirus pandemic had a significant impact on the cost of living in cities.
The first place in the ranking of the most expensive cities in the world is occupied together by Paris, Zurich and Hong Kong, followed by Singapore and Osaka, which share fifth place with Tel Aviv.
“The rise in Paris and Zurich has been driven by the appreciation of the euro and the Swiss franc against the dollar and the relative decline in prices in two Asian cities that were previously at the top,” says the EIU.
At that time, New York fell to seventh, which it shares with Geneva, and Los Angeles, to ninth, where it was next to Copenhagen.
“The coronavirus pandemic has affected shopping habits around the world, keeping the prices of basic products stable compared to those considered unnecessary. It is true that the only category of products whose prices have fallen is clothing, already that many people have postponed costume changes to a later date, ”say EIU analysts.
Sydney ranks 15th, London 20th, Moscow 106th and Delhi 121st.
Damascus in Syria is the cheapest city, followed by Tashkent in Uzbekistan, Lusaka in Zambia, Caracas (Venezuela) and Almaty, Kazakhstan. Karachi (Pakistan), Buenos Aires (Argentina), Algeria (Algeria) and Bengaluru and Chennai, India, finish in the bottom ten of the rankings. The Argentine government introduced price controls during the pandemic, which could explain Buenos Aires’ position.
A total of 130 cities were surveyed.
No part of this publication may be reproduced without the written permission of ELTA.
[ad_2]
