Worldwide Cost of Living 2022

Worldwide Cost  of Living 2022

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Summary

Many countries across the world are struggling with a cost-of-living crisis, the impact of which is clear in the latest WCOL survey. The survey, which was conducted between August 16th and September 16th 2022, tracks the prices of over 200 goods and services in 172 cities worldwide (Kiev in Ukraine had to be excluded entirely from this year’s survey owing to the country’s war with Russia). On average, WCOL prices have risen by 8.1% year on year in local-currency terms in the latest survey. This is the highest inflation rate recorded since digital WCOL surveys began almost 20 years ago. Petrol prices have seen the most rapid increases, but utility and food prices have also increased sharply

Source: Economist Intelligence Unit

Published: 2022

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