Saturday, November 28, 2020
No menu items!

Paris, Hong Kong, Zurich become world’s most expensive cities amid COVID-19

The Economist Intelligence Unit, a global business intelligence under the UK Economist Group, has released its latest report on worldwide cost of living survey after rating 133 global cities and comparing the price of a basket of 138 everyday items in each.

Paris, Hong Kong and Zurich have jointly ranked as the world’s most expensive cities since the COVID-19 outbreak, according to the research.

The report also assessed the impact of the outbreak on living cost.

Cities in Americas, Africa and Eastern Europe have seen their cost fall due to the depreciation of U.S. dollars, but western European cities have become more expensive as a result of the euro rise in value against U.S. dollars.

Among the most expensive cities, a kilo of bread this year costs an average of 6.1 U.S. dollars in Paris, 5.03 U.S. dollars in Zurich and 3.82 U.S. dollars in Hong Kong respectively.

Singapore and Osaka, which tied with Hong Kong in previous survey report in March, have slipped to fourth and fifth places in the cost of living since the epidemic.

Furthermore, the pandemic has also influenced people’s consumption habits. Working from home has boosted sales of laptops and desktops, with price being up 18.7 percent on average from the previous year. However, sales and prices of clothes and shoes are down because of less going out.


Please enter your comment!
Please enter your name here

Latest News

Cher in Pakistan to send off elephant she worked to free

American singer Cher arrived in Pakistan to send off Kaavan, the elephant she has spent years trying...

Former boxing greats MIke Tyson and Roy Jones Jr weigh-in for their comeback exhibition match

Two boxing legends tipped the scales on Friday (November 27) as former world heavyweight champion Mike Tyson's weigh-ed in for his exhibition...

Most Canadians could get COVID-19 vaccine by Sept if all goes well – PM Trudeau

 Doctors believe most Canadians could be vaccinated against the coronavirus by next September rather than the end of 2021 as previously projected,...

Pandemic fears, online deals, thin U.S. Black Friday crowds

Masked shoppers turned up in smaller numbers at major U.S. retailers including Macy's Inc, Walmart Inc and Best Buy Co Inc on...

METRORail Service Interruptions Coming Next Week

HOUSTON, TX - Beginning Monday, Nov. 30, a free two-way bus shuttle service will replace train service between Fannin South and...

More Articles Like This