Tashkent and Almaty listed among world's 5 cheapest cities

AKIPRESS.COM - The Economist Intelligence Unit included Tashkent (capital of Uzbekistan) and Almaty (Kazakhstan) into the top 5 cheapest cities of the world in Worldwide Cost of Living 2020 report.
The EIU's Worldwide Cost of Living is a biannual survey that compares more than 400 individual prices across 138 products and services in more than 130 cities worldwide.
The list has been created based on the Worldwide Cost of Living data set. Data set was created covering a wide range of products including food and beverage to household supplies, personal care items to clothing. Services includes home rents to transport, utility bills and private schools to domestic help. The prices of different commodities are gathered from three types of stores: supermarket, medium-priced retailers and more expensive specialty shops. Only those outlets were considered where the quality of the products are comparable to international standards. The prices of the services like house rents, transportation charges depends on several factors such as personal preferences and variety of choices. The prices were compared considering the New York as base city and all the prices were US dollars with the appropriate exchange rates at the time of survey
Just like last year, three cities share the top spot as the world's most expensive city to live in. Retaining its place at the top of the ranking, Hong Kong is now joined by Paris and Zurich. Both cities have overtaken Singapore and Osaka, which have dropped down to 4th and 5th ranks, respectively.
The top 5 cheapest cities included Damascus (Syria), Tashkent (Uzbekistan), Lusaka (Zambia), Caracas (Venezuela), Almaty (Kazakhstan).