In the Economist Intelligence Units latest findings, Karachi has been named the cheapest major city in the world. Standing at Rank 132. The most expensive city, ranked number 1, is Tokyo closely followed by Osaka.

Compared to 2008, Karachi has becoming cheaper relative to other cities. A close second is Tehran followed by Mumbai and Delhi respectively.

The Worldwide Cost of Living survey compares the cost of living in 140 cities worldwide. In each city field researchers gather and return a range of prices for over 160 items, from a loaf of bread to a luxury car. A cost-of-living index is calculated from the weighted average price data to express the difference between any two cities. The data quoted here uses New York as a base index of 100 for comparisons.

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