![]() ![]() ECA has reported its Cost of Living ranking bi-annually since 2005, helping businesses to ensure their employees’ spending power is maintained when sent on international assignments.Ĭost of Living indices are calculated using a basket of day-to-day goods and services commonly purchased by assignees. In fact, UK locations included in the study have risen in the cost of living ranking by an average of six places, with Edinburgh now 83 rd, Manchester 84 th, Birmingham entering the top 100 (99 th), Cardiff 101 st and Belfast 106 th.ĮCA international analyses costs of consumer goods and services in more than 490 locations worldwide, and rental costs in over 420 – of which 207 cities in 120 countries are ranked in their latest report. London and New York have seen the most significant price increases within the top ten most expensive cities, primarily due to soaring accommodation rental costs – up by an alarming 20% in London and 12% in New York. While the cost-of-living crisis has dominated news headlines across the UK, ECA’s report reveals how costs in the UK compare to countries around the world, affected by widespread inflation rises. London jumps up one place, overtaking Tokyo to become 4 th, ECA International’s (ECA) latest cost of living report reveals. ![]() Hong Kong retains its spot at number one in the ranking of the most expensive cities in the world, while New York moves further up the ranking, overtaking Geneva (3 rd) to secure second place.
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