The Economist Intelligence Unit (EIU) just announced its annual Worldwide Cost of Living index for 2021, which lists the most expensive and cheapest cities to live in the world. Kyiv takes the 88th place. This year, the capital of Ukraine moved up 13 places in the ranking, which is one of the biggest changes in the ranking for the year as a whole.
The first place is taken by the Israeli Tel Aviv. The city moved from the fifth place in a year due to the strengthening of the Israeli shekel against the dollar, as well as a significant increase in transport and food prices. Paris shares the second place in the ranking, along with Singapore, Zurich and Hong Kong are among the other five leaders. New York takes the 6th place, and Geneva takes the 7th place. Copengagen, Los Angeles and Osaka are also in the top ten.
The cheapest city in the ranking, as in 2020, is Damascus. It is followed by the Libyan capital Tripoli. The cheapest cities are mainly in the Middle East and Africa or in the poorest parts of Asia.