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EIU’s Worldwide Cost of Living Index 2021

Published on December 03, 2021
Current Context: The EIU’s (Economist Intelligence Unit’s) Worldwide Cost of Living Index 2021 was announced.
EIU’s Worldwide Cost of Living Index 2021
  • As per the index, Tel Aviv, Israel is the most expensive city in the world to live in 2021.
  • Paris and Singapore city occupy the second positions jointly in the index.
  • Zurich (Switzerland) attained the 4th spot in the index.
  • The Damascus of Syria is the cheapest city in the world to live in 2021.
  • As per the index, supply chain issues, exchange rate shifts, and changing consumer demand are increased in terms of price on commodities and other goods at the global level.
  • The prices of goods and services are increased to 3.5% in 2021, it is doubled to 1.9% in 2020.
  • Static Part: 
    • HQ of EIU: London, United Kingdom

Question: 

Q.1 Which is the most expensive city in the world to live in 2021, as per EIU’s Worldwide Cost of Living Index 2021?
a. New York, US
b. Paris, France
c. Tel Aviv, Israel
d. Zurich, Switzerland
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