A Look at the Cost of Living Around the World
Cost of living: the amount of money needed for necessities to maintain a certain standard of living.
Click on each pin drop to look at the cost of living in major economies.
Click on each country to look at the cost of living in these major economies.
Today, nearly 3 in 4 consumers globally are worried about the rising cost of everyday expenses.
Source: Euromonitor International Voice of the Consumer: Lifestyles Survey, fielded January to February 2023 (n=40,691)
5.3%
global disposable income growth in 2023
6.9%
global inflation forecast for 2023
Record-high inflation is the top driver of cost-of-living spikes today.
How can you use these insights?
Cost-of-living shifts influence the lifestyles and purchase decisions of your customers. This data helps you:
Analyse budget breakdowns across income groups
Anticipate consumer behaviour and spending priorities
Develop competitive pricing strategies
