The WCOL index examined the cost of living in 133 cities worldwide since the start of the year, amid the coronavirus pandemic. How much money we spend and on what is being extensively reshaped by the coronavirus pandemic, reports The Economist Intelligence Unit. Cities in the Americas, Africa, and Eastern Europe became less costly over the year, while those in Western Europe became relatively more expensive, in part reflecting a rise in European currencies against the US dollar. "The coronavirus pandemic has impacted spending habits all over the world, with the prices of essential goods proving more resilient than those deemed non-essential," Dutt said. Brazilian cities and São Paolo saw the biggest price drops, which reflects the rising poverty levels and weak currencies, the report showed.

Source: Dhaka Tribune November 29, 2020 16:30 UTC