Kyiv is at 88th place in the rating of most expensive cities for living

Source : 112 Ukraine

Kyiv raised by 13 positions in the rating
13:49, 1 December 2021

112 Agency

Kyiv has risen by 13 positions in the rating of the most expensive cities for living as DW reported citing the Economist Intelligence Unit.

Consequently, the capital took 88th place in the rating and it is by 13 positions higher than the previous time.

It is noted that in the previous report, six months ago, the Ukrainian capital was in 101st place.

Related: S&P confirms credit ratings of Ukraine at B level with stable prediction

The rating considered data on prices for August and September in 173 largest cities of the world. The cost of living rose on average 3.5% in local currency, the fastest inflation rate in the past five years as it is noted in the report.

Tel Aviv topped the ranking, moving up from fifth place last year. Paris shared second place in the ranking along with Singapore; Zurich and Hong Kong entered the top five. New York is in sixth place, Geneva is seventh, and Copenhagen, Los Angeles, and Osaka finished in the top ten.

Related: Ukraine tops rating of countries with highest crime rate in Europe

The cheapest cities are located primarily in the Middle East and Africa, or in poorer parts of Asia. Damascus (Syria) is still the cheapest city in the world to live in.

In 2020, it was reported that in the ranking of the most expensive cities, Kyiv rose by 22 positions over the year and became one of the cities that grow in price the fastest in 2019.

Related: Ukraine occupies 66th place in rating of safest countries in terms of Covid-19

Earlier, Kyiv was ranked first place among the European cities and eighth place in the world in the number of high-rise buildings.

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