Istanbul joins top 100 most expensive cities to live in

Istanbul became the world's 96th most expensive city to live in according to The Economist's Economist Intelligence Unit (EIU). The EIU is based on September data that's used by international companies to determine costs and wages of employees on trips abroad and is geared toward giving expats a budget projection.

Thursday November 19 2020 03:30 pm

Duvar English

Istanbul was bumped up 24 places to become the world's 96th most expensive city to live in according to The Economist's Economist Intelligence Unit (EIU), the BBC's Turkish service reported on Nov. 19.

While Istanbul became the 96th priciest city to live in, Hong Kong, Zurich and Paris were the top three out of 130.

The EIU is based on September data that's used by international companies to determine costs and wages of employees on trips abroad and is geared toward giving expats a budget projection.

The index also noted that essential consumer goods have been more resistant to global economic fluctuations caused by the COVID-19 pandemic, while tobacco and entertainment saw the greatest inflation worldwide.