New Delhi, Mar 24: Bengaluru is the cheapest Asian city in the world whereas, Singapore is the most expensive one, a study has claimed. The list of 133 countries also features Chennai, New Delhi and Mumbai at 126th, 124th and 121st spot, respectively.
According to The Economist Intelligence Unit’s Worldwide Cost of Living Survey 2018, Syria’s Damascus, Venezuela capital Caracas, Kazakhstan’s Almaty and Nigeria’s Lagos are the only cities that are cheaper than Bengaluru, which hold the 129th spot.
The report was released earlier this month and the survey is based on comparison of more than 400 individual prices across 150 products and services.
The survey says that Damascus and Caracus are cheapest because of their political scenario while, Bengaluru and other Asian cities named in the list are structurally cheap.
It also added that Asia, which is a home to some of the most expensive and cheapest cities, continues to provide the best value for money.