What is the Cost of Living Index?
The cost of living index refers to the ratio of the cost of a typical consumption combination of goods and services in the current period to the cost of the base period. At present, there are four main cost of living indexes, the ideal cost of living index, Laplace index, Paragon index, and chain-weighted index. .
Cost of living index
- The ideal cost of living index refers to the
- Ranking as of June 13, 2011
- Top 10 quality of life index
- Guangzhou 64.07; Shanghai 60.05; Nanjing 59.49; Yinchuan 58.23; Hohhot 57.61; Hefei 56.42; Shijiazhuang 56.27; Beijing 56.23; Changchun 56.01; Fuzhou 56.00.
- Top 10 residents' living standards
- Guangzhou 69.06; Shanghai 66.79; Fuzhou 59.01; Beijing 58.67; Hangzhou 57.16; Nanning 55.58; Nanjing 55.45; Nanchang 54.97; Yinchuan 54.42; Hefei 54.27.
- City residents' living improvement ranking
- Hohhot 69.81; Yinchuan 67.94; Changchun 67.66; Shenyang 65.92; Nanjing 63.74; Guangzhou 62.94; Shanghai 61.81; Beijing 61.14; Shijiazhuang 60.69; Xi'an 59.94.
- Guangzhou 60.04; Hohhot 58.26; Chengdu 55.16; Zhengzhou 54.90; Nanjing 54.31; Nanchang 53.81; Fuzhou 53.62; Shenyang 53.47; Tianjin 52.69; Wuhan 52.16. [1]