Sunday, 26 March 2017

Kathmandu 3rd most expensive City


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The cost of living in Kathmandu is higher than in New Delhi, Mumbai, Bangalore and Karachi, a latest report says.


The Nepali capital secured 116th position in the league table of the world’s most expensive cities prepared recently by the Economist Intelligence Unit, the research and analysis division of The Economist Group, a sister company of The Economist, one of the world’s well-acclaimed newspapers. This ranking is shared by Johannesburg, the largest city in South Africa. Kathmandu was ranked 118th in the list of the world’s most expensive cities last year.

With the latest ranking, Kathmandu has become the third most expensive city in South Asia after the Bangladeshi capital of Dhaka and the Sri Lankan capital of Colombo. Dhaka has taken 62nd spot in the global list of world’s expensive cities, while Colombo has secured 108th position.

A total of eight South Asian cities, including New Delhi, Chennai, Mumbai, Karachi and Bangalore, were included in the Economist Intelligence Unit’s survey.
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