SEOUL, Feb. 2 (Korea Bizwire) – Among 106 major cities in Asia, Seoul ranked fourth in terms of cost of living. According to Numbeo, information providers on world living conditions on February 1, the most expensive city in terms of living cost in Asia was Singapore with a CPI of 94.08. Following Singapore were Macau (89.12), Tokyo (85.67) and Seoul (82.30).
Numbeo calculated the CPIs of the cities with New York as the reference, with a base score of 100. If a certain city’s CPI is 120, it means the city is 20 percent more expensive when it comes to consumer prices. Numbeo’s CPI includes the prices of consumer goods such as groceries, the cost of dining-out, transportation fees and utility bills, but excludes rent.
Meanwhile, the least expensive city among the 106 surveyed was Thiruvananthapuram in India, with a CPI of only 21.00.
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