The 2018 Cost of Living Index
, produced by global database Numbeo recently, has ranked Dubai as the most expensive city to live in across the Arab world, and 210th globally out of 540 cities.
Cost of living index
(base year changed to 2013 from 2007) entered the positive territory for the first time in almost a year in January 2018 at +3.
While Bahrain's position in the Cost of Living Index
remains almost the same (28th place), it improved by 13 places in the Personal Finance Index to take the 13th spot.
The few developed countries in which wages were adjusted in line with the cost of living index
scrapped the practice decades ago because of its inflationary nature so for many years Cyprus was the only country with this irrational measure because it was a 'workers' conquest'.
A drop in the cost of living index
was also noted in IT equipment, liquid fuels for households, footwear, medicines, etc.
According to Numbeos latest mid-year 2015 Cost of Living Index
, Dubai ranks at 212 out of the 517 cities that its index ranks, while Abu Dhabi is ranked at 278 and Sharjah stacks up at 280 among the worlds most expensive cities.
So for the vast majority of workers in the public sector the rises stayed close to the cost of living index
Ford Hinrichs desired to quell the mounting criticism by requesting Secretary Frances Perkins to invite the American Statistical Association (ASA) to create a neutral panel of experts "to review and appraise the cost of living index
with reference both to its construction and its uses.
05 ( ANI ): Mumbai has been rated as the world's cheapest city, according to the Worldwide Cost of Living Index
For the cost of living index
we used data from areavibes.
Osaka in Japan was ranked the second most expensive city in The Economist Intelligence Unit's (EIU) worldwide cost of living index
for 2013 as government exchange rate controls drove the Swiss city of Zurich from the top position last year back to No.
Saudi Arabia's cost of living index
in October rose by 3.