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Cairo world's cheapest city, Zurich most expensive compared to New York - study

Cairo ranked as the cheapest world city and Zurich as the most expensive in comparison with New York City, according to a  study prepared by the Swiss UBS Bank from January to April 2018.

The study covers 128 commodities and services and 15 professions' income in 77 cities worldwide in comparison with New York City.

The study takes into consideration the difference in consumption rate of each city.

Cairo came at the top of the list at 34.6% followed by Lagos 40.6%, Kiev 44%, Manila 45% and New Delhi 46%.

Zurich topped the list of the most expensive world countries at 116.8% in comparison with New York City.

Geneva came in the second position at 113.4%, followed by Oslo at 107.8% and Copenhagen at 106.1%

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