Each year, various socioeconomic factors increase the living costs for international employees in the most emblematic cities of the world. Lima, despite the situation, has managed to maintain a stable position regarding the rise in food prices and its impact on quality of life, for this reason this year it rose 5 steps compared to the previous year and ranks 167th in the most expensive cities in the world, according to the Cost of Living ranking developed by Mercer.
public services, food in the home and entertainment were the categories that rose the most. In addition, the report that evaluated 227 countries indicates that the situation of food inflation in Peru highlights the need to implement effective policies and strategies to guarantee food security and protect the purchasing power of the population.
Several of the cities considered in the Latin American region rank significantly higher than in 2022. Of the 28 cities in the region included in the ranking, 23 experience promotions; for example, San José (63) increased 76 positions, Mexico City (79) climbed 70 places and Santiago (87) also rose 43 positions.
Endurance. Specialists maintain that Peruvian inflation is driven by food. Photo: The Republic
In the world, Hong Kong once again tops the rankings as the most expensive city, followed by Singapore, which jumped six positions from last year, and Switzerland appears in sequential positions with the cities of Zurich (3), Geneva (4) and Basel (5).
The least expensive locations in the ranking include Havana, which fell 83 places, blamed on sharp currency devaluations in the middle of last year; and two cities in Pakistan: Karachi and Islamabad.
Sugar, cooking oil and butter have experienced the greatest price increasesWhile the gasoline low in some jurisdictions.
Source: Larepublica
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