The deterioration in the ongoing conflict in Ukraine, which has caused the price of commodities to surge, has a significant impact on African countries. The current high cost of food and energy has begun to put strain on people’s income and wages in various African towns. Some African cities will be much more expensive to live in 2022 than others, according to recent data.
People’s finances and purchasing power continue to suffer as a result of the global and African rise in consumer and energy costs. The cost of living index compares a city’s cost of living to those in other cities. Along with other things, it examines things like rent, the cost of healthcare, and the cost of consumer products.
The cost of living index, according to Wikipedia, is a price index that gauges the expense of living across time or geographical areas.
It is an index that tracks price differences between products and services and allows for substitution of other items as prices change. It is also connected to wages and earnings. Consumer products and service prices vary between various urban and suburban residential locations, according to Investopedia. When compared to a sprawling city, a person’s wage may be able to support a high level of living in a tiny city.
The most expensive cities to live in are listed below;
Dakar, Senegal: 50.87.
Addis Ababa, Ethiopia: 50.49.
Abidjan, Ivory Coast: 47.06.
Harare, Zimbabwe: 45.69.
Johannesburg, South Africa: 44.87.
Pretoria, South Africa: 42.76.
Gaborone, Botswana: 42.7.
Cape Town, South Africa: 40.98.
Durban, South Africa: 40.33.
Marrakech, Morocco: 39.94.
Accra, Ghana: 38.74.
Lagos, Nigeria: 37.33.
Tangier, Morocco: 36.85.
Casablanca, Morocco: 36.59.
Kampala, Uganda: 35.98.