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EIU Cost of Living Index 2022
December 12 , 2022
712 days
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- The Worldwide Cost of Living 2022 report was released recently by the London-based Economist Intelligence Unit (EIU).
- It compares prices of more than 200 goods and services in 172 countries across the globe.
- New York and Singapore have tied to take up the top rank because of high income and a strong US dollar.
- Tel Aviv, which stood at the top rank in 2021, fell to 3rd position.
- Los Angeles and Hong Kong tied to the 4th place.
- Moscow’s ranking jumped from the 72nd in 2021 to the 37th in 2022.
- The capital of Ukraine -Kyiv is not in the 2022 list.
- Istanbul, Buenos Aires, and Tehran have recorded the highest increase in inflation.
- The highest rate of inflation was recorded in Caracas (Venezuela), where the cost of living increased by 132 per cent in the past year.
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