“The composition of our reference basket of goods and services represents the spending habits of a three-person European family,” the message explains.
The ranking was headed by the Swiss cities of Zurich and Geneva. Also, Oslo, Copenhagen and New York entered the top five. The third place was taken by Oslo, the fourth - by Copenhagen. Tokyo is on the 6th place, and Milan is on the 7th, London - on the 8th, Chicago is on the 9th. Helsinki closes the top ten.
According to the bank, in Zurich a monthly income of a family of three to purchase a minimum set of necessary goods and services, not including housing costs, is 4,260 dollars. In Cairo, which closes the rating, it is 1,272 dollars. Housing costs are the highest in Hong Kong and New York - almost 4,000 dollars a month.
As it was reported earlier, Kyiv left top-10 cheapest cities and moved from the 124th place to the 110th according to Worldwide Cost of Living 2018, made by The Economist. The cheapest city is the capital of Syria, Damascus. Top-10 cheapest are Caracas, Almaty, Lagos, Bengaluru, Karachi, Algeria, Chennai, Bucharest, and New Deli.
At the same time, Boryspil International Airport headed ACI Europe, the International Airports Council rating based on the results of May. The airport takes the first place among other major airports, according to the results. ACI Europe ranked 229 airports, which represent 88 percent of the European passenger traffic.