Manchester residents say it’s the ‘cheapest’ city in the world
Manchester is the cheapest city in the world according to its inhabitants.
Statista’s Florian Zandt details below that in a survey connected to the annual Time Out Index by TimeOut magazine, only ten percent of Mancunians thought their city was too expensive. As Statista’s chart shows, most of the highest-ranking cities can be found on the European continent.
You will find more infographics at Statista
For example, 17, 18 and 24 percent of respondents in Budapest, St Petersburg and Prague, respectively, said that their city was overpriced. Sharing the third place in with Budapest in this ranking of the world’s cheapest cities are South Africa’s Johannesburg and the Canadian city of Montreal with 17 percent each.
While these results may come as a surprise for some, the other side of the spectrum is host to some of the more usual suspects.
For example, a whopping 99 percent of people surveyed in Zurich claimed that living in the biggest city in Switzerland was too expensive, with 87 and 86 percent of people living in Tel Aviv, Los Angeles and Paris, respectively, thought the same about their home.
MEANWHILE: Germany faces worst inflation rate in decades
Rising energy prices are pushing inflation in Germany higher
The inflation rate in Germany jumped to a more than 30-year high, and is expected to rise by 7.3% in March compared to the same period last year, according to preliminary data released by the German Federal Statistics Office (Destatis) on Wednesday. Consumer prices will also be 2.5% higher compared to February, data shows.
“The prices for natural gas and mineral oil products have again risen noticeably and are having a significant impact on the high inflation rate,” Destatis explains, adding that the inflation rate was also similarly high in West Germany in 1981, nearly a decade before it was reunited with East Germany in 1990 to form the current state. Read more.
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