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2022 International cost of living and hardship / quality of living data for 780 global locations. We provide internet friendly services and our employees work virtually, keeping you safe, enabling you with technology that delivers faster.


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Cost of Living Allowance Report Calculator
Cost of Living Index Report Calculator
International Assignment Report Calculator
Salary Purchasing Power Parity Report Calculator
Hypothetical International Tax Calculator Report Calculator
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Articles & Rankings
Cost of Living Articles and Rankings

-International City Cost of Living Rankings

-Regional Cost of Living Rankings (Africa;
America; Asia Pacific; Europe; Middle East)

-Latest Inflation Rates around the world

-Latest Personal Income Tax Rates

-Cost of Living Rankings by Basket

-Articles related to cost of living
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Location Reviews
Cost of Living Reviews by City and Country for 780 International Locations

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Latest International Inflation Rates

Latest International Inflation Rates in 2022



Global Cost of Living Crises 2022

Higher global inflation is creating an international cost of living crises.


Before COVID, oil was around $50–$60. It plunged in 2020, but soon recovered, moved higher, and was around $90 before the Ukraine invasion. After peaking above $100, oil prices are now back around $90 in 2022, still higher than before COVID.
Oil prices may have peaked, but inflation certainly hasn’t. Housing related costs (mortgages and energy in particular) are still rising. Wages are beginning to rise substantially as a result of inflation. Inflation is now spiraling and spreading to all cost of living baskets. High inflation is now widespread and deeply entrenched in most of the global economy. In addition energy prices are unlikely to drop significantly while the war in Ukraine continues. With Russian energy being unavailable to Europe and much of the world, demand will likely exceed supply in global energy markets.




The US economy is battling high inflation with consumer prices hitting a 40-year record of 9.1% in June (8.3% in August). The UK is experiencing a cost of living crises, having been hit by a perfect storm of Brexit, followed by the pandemic and now the war in Ukraine. Inflation hit 10.1% in July followed by 9.9% in August, the highest in 40 years. Similarly, the European Union inflation rate is 9.8% as at July.


Inflation Outlook for 2023 and Beyond

There is a “high probability” of a global recession despite low levels of unemployment.


High inflation, and higher interest rates will probably continue to impact the cost of living globally and put pressure on consumer spending, leading to lower growth rates and economic slowdown. Wages are increasing, but are unlikely to keep pace with the recent high inflation rates, squeezing real household incomes. While better-off families will be able to dip into savings to maintain their spending, poorer households are not able to do this.


High prices for energy and commodities will continue to impact countries in different ways. Producers of oil, gas and other commodities will continue to benefit from higher prices, while non-producing / high-consuming countries will face ever increasing import costs, particulary in USD.




What is the current rate of inflation in 2022?

The latest available inflation rate for all countries world wide (as available on 16 September 2022) are as follows:

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