Survey puts Mumbai, Delhi amongst world’s cheapest cities to live
According to Economist Intelligence Unit’s (EIU) 2014 ‘Worldwide Cost of Living’ survey released in London, Mumbai has emerged as the world’s cheapest city to live in, followed closely by New Delhi at third place. Singapore has emerged as the world’s most expensive city. The survey is designed as a relocation tool that uses New York as a base.
Jon Copestake, editor of the EIU report points out about Asian cities continuing to make up many of the world’s cheapest cities. The survey compares more than 400 individual prices across 160 products and services – including food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
Karachi in Pakistan is ranked as the second least costly city while Damascus (Syria) and Kathmandu (Nepal) are ranked at 4th and 5th respectively. Other top 5 expensive cities are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.
Last year Tokyo was at the top position.
Source: The Economic Times
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