Karachi Ranked the World Sixth Cheapest City
- 02, December , 2022
NewsToday: Karachi is placed sixth among the world's cheapest cities, while Singapore and New York are the most costly. Damascus is the world's cheapest city, while Istanbul, Buenos Aires, and Tehran had the most inflation.
The Economist Group, Britain's major publishing firm, has analyzed inflation in 174 locations across the world this year and its impact on individuals, finding that inflation climbed the highest in Istanbul, Buenos Aires, and Tehran.
During one year, the city of Caracas in Venezuela saw an inflation rate of 132%, according to PPI. According to the survey, Singapore is the most expensive city in the world again this year, but New York is also at the top. Tel Aviv, Hong Kong, Los Angeles, Zurich, Geneva, and San Francisco are among the most expensive cities in the world. There are cities such as San Francisco, Paris, Copenhagen, and Sydney.
Karachi, the city of lights, is recognized as a poor metropolis in Pakistan, and its global reputation is comparable. Karachi is named the sixth cheapest city in the world in terms of basic living expenses, said by economist. The cheapest cities are Damascus, Tripoli, Tehran, Tunis, and Tashkent.