Cost of living in metros rising
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23/07/2008
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Times Of India (New Delhi)
: Renting a twobedroom luxury flat in Mumbai is more expensive than that of Singapore, Bangkok, Kuala Lumpur or even Seoul. The cost of petrol is higher than that of Tokyo. And the price of 1 kg long grain white rice in a medium priced establishment is more than that of Singapore or Beijing. Mumbai is catching up with the biggest metros of the world in more ways than one. The cost of living in the city has risen considerably since last year.
But Mumbaikars are not the only ones coping with high prices. With inflation in India shooting above 11% this month, people in Delhi, Chennai and Bangalore too are equally feeling the pinch of price rise.
The annual Cost of Living Survey done by Mercer, a global consulting firm, in 143 cities around the world reveals all the four Indian metros have moved up the ranking. Mumbai ranked 48 this year