This is according to a survey by the British analytical company Economist Intelligence Unit (EIU), which compares the prices of 200 products and services in 173 cities around the world. Prague advanced eight places up to 79th place.
From European cities, the fourth Zurich, the seventh Geneva and the eighth Copenhagen reached the top ten. According to the EIU, the Syrian capital Damascus has the cheapest cost of living, with only a bit more expensive living in Libyan Tripoli and in the capital of Uzbekistan, Tashkent.
Tel Aviv ranked first in the table, partly due to support for national shekels against the dollar, as well as rising transport and food prices. It was the second most expensive city in terms of alcohol and transport prices, the fifth in terms of personal care and the sixth in terms of recreation.
Prague is among the ten cities that have moved the most in the table compared to last year. On the contrary, Rome has the steepest drop – 16 places in 48th position – thanks to cheaper food and clothing prices.
Problems with supply chains have contributed to the increase in the cost of living of many urban dwellers, and coronavirus measures that have curtailed production and trade show the index. As a result of the sharp rise in oil prices, transport costs have risen sharply. Prices of goods and services rose by an average of 3.5 percent, the highest inflation rate in five years, according to the EIU.