The Economist Intelligence Unit (EIU) has released its biannual ‘Worldwide Cost of Living (WCOL)’ report of the World’s Most Expensive Cities in 2020, based on their cost of living. Hong Kong (China), Paris (France) and Zurich (Switzerland) share the top spot as the most expensive cities in the list, which comprises of 133 cities.
Damascus (Syria), Taskent (Uzbekistan), Lusaka (Zambia) ranked the last three spot as the most cheapest cities in the list, which comprises of 133 cities. The report took into account the price of 138 items, used in every day for survival, and the falling or rising value of that country’s currency due to Covid to rank the cities accordingly.
Important takeaways for all competitive exams:
- Economist Intelligence Unit Headquarters: London, United Kingdom.
- Economist Intelligence Unit Founded: 1946.