Moscow named 3rd most expensive city in the world

News
and photos from the Moscow
News (14/06/2004)

 

Moscow ranks third on a list of the world’s most expensive
cities, with Tokyo still on top and London moving up to second,
according to a lifestyle survey, quoted by the Reuters news
agency on Monday.

Tverskaya street / Photo: Vyacheslav Kochetkov Moscow News Picture Agency

Moscow was
followed by Osaka in Japan and Hong Kong, the survey published
by Mercer Human Resource Consulting found.



Asuncion in Paraguay was the least expensive of the 144 cities
featured in the survey, for the second year running.



“There have been some dramatic movements in the rankings
this year which are largely due to currency fluctuations,” said
Marie-Laurence Sepede, senior researcher at Mercer.



The survey measures
the comparative cost of 200 items in each city, including housing,
food, clothing, entertainment, and transport.



Using New York as a base city with a nominal score of 100, Tokyo
scored 130.7, London 119 and Asuncion just 36.5. New York was the
costliest city in the United States, and 12th overall, followed
by Los Angeles, Chicago, and San Francisco.



Geneva was the next most expensive place in Europe, ahead of Copenhagen
and Zurich.