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cost of living
01
the amount of money required to maintain basic needs and expenses in a particular place or location
Example
The cost of living has risen incrementally over the years.
With the rising cost of living, many families are starting to feel the pinch and must carefully budget their expenses.
The cost of living has risen considerably in recent years.
High inflation erodes the value of savings and investments, as the cost of living increases.
Due to inflation, the cost of living has gone up.
