Kyiv rises 22 places in ranking of world’s most expensive cities - The Economist

“Ukraine’s capital, Kiev [Kyiv], rises by 22 places in the overall rankings, to 86th, partly owing to the country’s record grain harvest in 2019, which boosted export earnings, leading to a strengthening of the Ukrainian hryvnya against the US dollar,” reads the document released by The Economist Intelligence Unit (EIU).  

According to the survey, prices in Kiev are being boosted by rising demand following a string of increases to the minimum wage in recent years.

In the ranking, prices in all cities are compared with New York City. The price index is set at 100 points. Kyiv's index rose by six points over a year, to 58 (the higher this indicator, the higher the prices).

According to the survey, the top ten most expensive cities in the world include Singapore, Hong Kong, Osaka, New York, Paris, Zurich, Tel Aviv, Los Angeles, Tokyo and Geneva.

At the bottom of the ranking are Damascus, Tashkent, Almaty, Buenos Aires, Karachi, Caracas, Lusaka, Chennai, Bangalore and New Delhi.

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