According to the “Worldwide Cost of Living (WCOL) index 2022,” Karachi is the world’s sixth-most inexpensive major metropolis.
The Economist Intelligence Unit (EIU) reports that inflation in the world’s major cities reached its greatest level in the previous 20 years, increasing by an average of 8.1% during the past year.
The World Cost of Living Index found that Damascus, Syria, was the most affordable city overall, followed by Tripoli, Libya; Tehran, Iran; Tunis, Tunisia; Tashkent, Uzbekistan; and Karachi, Pakistan.
The research claims that supply chain issues have arisen as a result of the conflict in Ukraine, Western sanctions against Russia, and China’s zero-covid policies, while the worldwide cost of living has climbed dramatically as a result of record interest rate rises in several nations.
For the eighth time in ten years, Singapore tops the list of most expensive nations, tied with New York City (the United States) and followed by Tel Aviv (Israel), Hong Kong (China), Los Angeles (United States), and Zurich (Switzerland).