Dataset: Global Cost Of Living Rankings:Affordability Index

This is the Cost of Living Index by Country Dataset.
This dataset provides a comparative and detailed overview of living costs across various countries.
It includes various indices such as Cost of Living, Rent, Cost of Living Plus Rent, Groceries, Restaurant Prices, and Local Purchasing Power of various Countries.
These indices are used for understanding and comparing the relative affordability and purchasing power in different regions globally.
This Dataset consists of 7 columns

`Columns Discription`:

Country: The name of the country for which the indices are calculated in this Dataset.
Cost of Living Index: Measures the average cost of basic necessities.
Rent Index: It Compares the average cost of renting a house or apartment in the country.
Cost of Living Plus Rent Index: It Combines both the Cost of Living and Rent indices to provide a comprehensive and detail view of total living expenses.
Groceries Index: It measures the average cost of food and other grocery items.
Restaurant Price Index: It Compares the average cost of dining out at restaurants.
Local Purchasing Power Index: It reflects the relative purchasing power of locals based on their average salary and cost of living in the country.

Comparative Analysis: It allows individuals, businesses, and policymakers to compare living costs across different countries and it helps in decision-making.
Cost Estimation: It is useful for travelers in estimating the cost of living in various destinations.
Economic Insights: It Provides insights into economic disparities, affordability, and local purchasing power globally.
Policy Formulation: It helps governments and organizations in understanding economic challenges and formulating policies related to cost of living adjustments and economic development strategies.
However,this dataset serves as a valuable resource in understanding global economic trends and making informed decisions related to economic policy.