Cost Of Living In The City Increased As Chennai Becomes The 3rd Costliest City In Country

Written by admin Published on Jun 24, 2016 | 12:47 PM IST | 63

gemeni

gemeni
An estimated four per cent inflation in clothing and footwear and around 13 per cent rise in house rentals has retained Chennai its tag as the third most costly city in the country.
The Cost of Living survey by Mercer, a New York-based human resources consulting firm, has estimated Chennai is next only to Mumbai — the country’s costliest city — and Delhi. The survey calculates the cost of living based on 200 items, ranging from housing to transport, that expats typically spend money on. The survey was to help multi-national companies decide salary levels when posting their employees across globe.
However, globally Chennai slipped by one rank and was the 158th costliest city. Last year’s survey by the firm estimated that Chennai was 157th costliest city in the world.
“Chennai is the most expensive when it comes to clothing and footwear. And this category has seen an inflation of 4 per cent over last year,” said Ruchika Pal — India practice leader, Global Mobility at Mercer.
Surprisingly, on overall cost of living index, the survey found that Chennai is just 5 per cent less than that of Delhi. The survey also found that the cost of grocery, dairy and poultry products in Chennai is comparable to that of Mumbai and Delhi.
But it is the house rentals that have seen the sharpest increase in the last one year in Chennai. The survey said that compared to last year’s study, house rentals have seen a spike of 13 per cent.
If it was anybody’s assumption that the state monopoly in liquor sales may have made alcohol cheaper in Chennai, it’s false. According to the survey, Chennai ranks second, only after Mumbai, in cost of alcohol and tobacco. May be the expats are not aware of the state-run TASMAC shops yet.
While Chennai’s cost of living may be a source of concern for the common man, its neighbour Bengaluru, which is ranks 22 places below Chennai in the global list, is fast catching up. While it has jumped by three places from 183 in 2015 to 180 this year, Bengaluru has seen very sharp rise in inflation. Among Indian cities, Bengaluru saw the highest rise in annual inflation from 3.27 per cent to 6.08 per cent.
Source-TNIExpress

Top Post

Top Post

Vignesh Shivan Apologizes To Thalapathy Fans For This Reason??Check Why

Oct 09, 2023

Delhi: 19 Year Old Man Arrested For Urinating On A couple In Train!!

Oct 07, 2023

Chennai Man Gets Deposit Of Rs.753 Crores In His Bank Account!!

Oct 07, 2023

TTF Vasan’s Driving License Cancelled By RTO for 10 Years!!

Oct 07, 2023

Pradeep’s Inappropriate Question To A Female Contestant Stirred Controversy!!

Oct 06, 2023

Man Took Loan For Wife’s Education!! Check What She Did In Return

Oct 06, 2023

Amir Revealed His Marriage Plan With Pavni!!

Oct 06, 2023

Chenna Police Warned Public By Publishing TTF Vasan’s Accident Footage!

Oct 06, 2023

Lucknow : 17 Year Old Boy Arrested For Stealing Motorbikes To Buy Expensive Gift For His Friend!!

Oct 05, 2023

This Young Vijay TV Star To Act In Thalaivar 170 !!

Oct 05, 2023

“TTF Vasan’s Bike Should Be Burned” – Madras High Court

Oct 05, 2023

UP Woman Beats Policeman With The Slipper On Road!! Viral Video

Oct 05, 2023

CCTV Video Shows A Thief Barging Into IT Officer’s House While He Went To Ooty For Vacation With Family!!

Oct 05, 2023

Colombia Woman Slept With Ghost For 20 Long Years?? SHOCKING

Oct 04, 2023

Hyderabad: 5 Year Old Student Died After He Was Hit By His School Teacher!!

Oct 04, 2023

Chinmayi Met With Accident Due To A Drunk Driver??

Oct 04, 2023

Actor Siddharth Got Emotional On Stage!! Watch Video

Oct 04, 2023