International Cost of Living in July 2011

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The July cost of living rankings reflect a rapidly changing world. This year has Bahrain Phone Numbers List seen political uprisings in Tunisia, Libya, Egypt, Bahrain and Syria; Ireland, Portugal and Greece are in financial crisis. At Bahrain Phone Numbers List first glance the causes appear to be related to poor management of the economy, combined with other factors such as youth unemployment and political freedom. However it can also be argued that a common issue is the cost of living, particularly for the poorest sectors within each Bahrain Phone Numbers List country.

The July 2011 survey covers the cost of living of  300 cities across the world, and measures the comparative costs of 13 basket groups including Alcohol & Tobacco; Clothing; Communication; Education; Furniture & Appliances; Groceries; Healthcare; Household; Miscellaneous (includes items such as stationary, linen and general goods and services); Personal Care; Bahrain Phone Numbers List Recreation & Culture; Restaurants, Meals out & Hotels and Transport. The cost of living and hardship data is updated quarterly, while exchange rates are Bahrain Phone Numbers List updated daily.

 due primarily to increased demand and reduced / insufficient Bahrain Phone Numbers List supply. Why? Food shortages have occurred due to natural disasters and bad weather damaging crops in traditional food producing places such as Australia, Russia and South America. The booming giant economies of India and China have driven global demand to levels never experienced before. The cost for basic necessities Bahrain Phone Numbers List has seen people spending more of their salaries on food than ever before. With natural disasters across the continents from earthquakes and floods in Australia, tornadoes in America, climate changes playing havoc with too much rain or too little and the Bahrain Phone Numbers List greatest disaster of all the Tsunami in Japan, is our world experiencing a cost of living crisis? Is the cost of living becoming too high?

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