Due to the devaluation, Buenos Aires is one of the 10 cheapest cities in the world – 03/19/2019

With a devaluation of more than 100% in 2018, the city of Buenos Aires It has become one of the ten metropolises at the cost of living the cheapest, measured in dollars, according to a ranking released Tuesday by the British weekly The Economist.

According to the list, "an increasing number of areas" are becoming less and less expensive due to political and economic instability. In Buenos Aires, the report also highlights the influence of external imbalances, political instability, currency crisis and lack of confidence that led to the appreciation of the dollar in the middle of the year. 39, last year.

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For example, a bottle of beer (330 ml) costs 0.89 dollars in the Argentine capital, against 2.37 dollars in Singapore and 3.33 dollars in New Zealand. And according to the same survey, the price of bread per kilo is 3.91 dollars in Buenos Aires against 5.66 in Paris.

The report indicates that Caracas (Venezuela) is the "cheapest" of the list, backed by Chavismo's historic devaluation that led to its worst economic and social crisis. Next come Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan) and Bangalore (India). The list continues with Karachi (Pakistan), Lagos (Nigeria) and Buenos Aires. To complete the top ten of Chennai and New Delhi, both in India.

According to the intelligence unit of The Economist, in any case, the positioning is due to "the impact of the devaluation of the currency" in the badyzed countries.

On the other end, Paris, Singapore and Hong Kong, at 107 points, rank first among the most expensive cities in the world, according to the report that badyzes the prices of products and 133 cities.

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Quantified metrics include the cost of rent, transportation, education, food, beverages, clothing, housewares, personal care and recreational activities.

The author of the report, Roxana Slavcheva, said that Paris is, since 2003, one of the ten cities where the cost of living is highest.

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"European cities tend to have the highest costs in the categories of home, personal care, leisure and entertainment, and Paris is a good representative in these categories," he said, according to EFE .