Nairobi The Most Expensive City in Africa. Economist Intelligence Unit’s Worldwide Cost of Living survey says so. The survey indicated that the cost of living in Kenya’s capital to number 55 from 60 in 2018.
This is in contrast to Lagos that is among the cheapest cities to live in Africa, at number 127. The data collected from 50,000 individual prices of 160 products and services indicate so. These were based on prices of food, drinks, clothing, household supplies and personal care items. Above all, private schools, domestic help as well as recreational costs.
In terms of money schemes, Kenya’s inflation dropped to 4.69 per cent last year compared to 6.3 per cent in 2017. “Last year inflation and devaluations were prominent factors in determining the cost of living, with many cities tumbling down the ranking owing to economic turmoil, currency weakness or falling local prices,” the report indicates.
The study, dubbed Cost of living in cities around the world: Prices and Earnings 2018, also ranked Nairobi at position 68. Hence, Nairobi is ranked the most expensive Africa city to reside.