For the third year running Moscow has topped the list of the most expensive cities worldwide. Tokyo took second place with London dropping to third position.
The famous list is drawn up each year by the human resources firm Mercer as a guide for expatriate expenses. It attempts to measure usual expenses for over 200 items such as housing, transport, food, clothing, household goods and entertainment. The report singled out Moscow for having particularly expensive coffee, with a cup in a cafe costing $10.40.
“Moscow’s position as the most expensive place for expatriate living has been strengthened by the appreciation of the rouble against the US dollar and the continuous rising accommodation costs,” said Yvonne Traber, a research manager at Mercer.
Click here for more information on the Mercer Cost of Living Report