The Economist Intelligence Unit (The EIU) has revealed through a survey, the 2019 most expensive and cheapest cities in the world.
Paris, the French capital has come top of a ranking of the world’s most expensive cities, alongside Hong Kong and Singapore.
Unlike the previous years, it’s the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally.
On the other hand, Inflation and volatile currency fluctuations helped drive changes in this year’s ranking, with places like Argentina, Brazil, Turkey and Venezuela all seeing a sharp fall in their cost of living ranking.
Uzbek capital, Tashkent was ranked the world’s third cheapest city, only behind Cracas and Damascus
The Economist Intelligence Unit said a “growing number of locations” were becoming cheaper due to the impact of political or economic disruption.
EIU is the world leader in global business intelligence. Through surveys, they help businesses, the financial sector and governments to understand how the world is changing and how that creates opportunities to be seized and risks to be managed.