Photographs: Ahmad Masood/Reuters.
While Oslo, Zurich and Tokyo are the world's most expensive cities, New Delhi and Mumbai are the cheapest cities.
Prices for many goods and services are lowest in India's metro cities Delhi and Mumbai.
Take a look at the world's 20 cheapest cities...
New Delhi
Price level (excluding rent) 33.1
Price level (including rent): 29.4
These calculations are based on the cost of a basket of 122 goods and service weighted according to European consumption habits. Listed according to value of index (price level excluding rent)
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World's 20 cheapest cities
Image: A worker arranges sarees, a traditional cloth used for women's clothing outside a shop in Mumbai.Photographs: Danish Siddiqui/Reuters.
Mumbai
Price level (excluding rent): 34.1
Price level (including rent): 31.0
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World's 20 cheapest cities
Image: Dambovita near Ciurel Bridge in Bucharest.Photographs: CristianChirita/Wikimedia Commons.
Bucharest
Price level (excluding rent): 39.8
Price level (including rent): 34.7
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World's 20 cheapest cities
Image: People queue to pay for groceries at a supermarket in Paranaque, Metro Manila.Photographs: Erik De Castro/Reuters.
Manila
Price level (excluding rent): 41.5
Price level (including rent): 35.8
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World's 20 cheapest cities
Image: A worker sorts mail in Bulgaria's main postal logistic centre in Sofia.Photographs: Oleg Popov/Reuters.
Sofia
Price level (excluding rent): 42.3
Price level (including rent): 36.4
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World's 20 cheapest cities
Image: A street vendor sells candy during a sit-in against the military at Tahrir Square in Cairo.Photographs: Amr Abdallah Dalsh/Reuters.
Cairo
Price level (excluding rent): 42.4
Price level (including rent): 36.2
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World's 20 cheapest cities
Image: A motorcyclist rides past the Kenyan Parliament House clock tower in the capital Nairobi.Photographs: Thomas Mukoya/Reuters.
Nairobi
Price level (excluding rent): 48.6
Price level (including rent): 43.7
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World's 20 cheapest cities
Image: A customer tries a traditional hat made by an Andean man during thePhotographs: Enrique Castro-Mendivil/Reuters.
Lima
Price level (excluding rent): 50.8
Price level (including rent): 44.4
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World's 20 cheapest cities
Image: Vilnius TV tower, Vilnius, Lithuania.Photographs: Sfu/Wikimedia Commons.
Vilnius
Price level (excluding rent): 50.8
Price level (including rent): 43.5
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World's 20 cheapest cities
Image: Pedestrians walk past the Torre Latinoamericana illuminated by LED lights, as part of an artistic intervention, in downtown Mexico City.Photographs: Tomas Bravo/Reuters.
Mexico City
Price level (excluding rent): 51.2
Price level (including rent): 45.7
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World's 20 cheapest cities
Image: Kuala LumpurPhotographs: Reuters.
Kuala Lumpur
Price level (excluding rent): 52.0
Price level (including rent): 46.1
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World's 20 cheapest cities
Image: Johannesburg.Photographs: Reuters.
Johannesburg
Price level (excluding rent): 52.1
Price level (including rent): 47.2
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World's 20 cheapest cities
Image: A racer prepares to participate in a promotional launch of the Atacama Solar Race 2012 in Santiago.Photographs: Ivan Alvarado/Reuters.
Santiago de Chile
Price level (excluding rent): 52.8
Price level (including rent): 47.6
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World's 20 cheapest cities
Image: Bogota.Photographs: Reuters.
Bogota
Price level (excluding rent): 53.1
Price level (including rent): 46.9
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World's 20 cheapest cities
Image: Kiev Metro station.Photographs: Reuters.
Kiev
Price level (excluding rent): 53.1
Price level (including rent): 46.8
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World's 20 cheapest cities
Image: Christmas shoppers walk through Zlote Tarasy Shopping Mall in Warsaw.Photographs: Peter Andrews/Reuters.
Warsaw
Price level (excluding rent): 53.7
Price level (including rent): 47.9
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World's 20 cheapest cities
Image: Jakarta.Photographs: Reuters.
Jakarta
Price level (excluding rent): 53.7
Price level (including rent): 48.6
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World's 20 cheapest cities
Image: Bratislava.Photographs: Alberto Fernandez /Wikimedia Commons.
Bratislava
Price level (excluding rent): 53.9
Price level (including rent): 47.0
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World's 20 cheapest cities
Image: Bahrain's capital Manama as seen from Abraj Al Lulu.Photographs: Reuters.
Manama
Price level (excluding rent): 54.0
Price level (including rent): 49.5
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World's 20 cheapest cities
Image: Prague Metro.Photographs: Wikimedia Commons.
Prague
Price level (excluding rent): 54.3
Price level (including rent): 48.0
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