Tokyo advanced past the Angolan capital Luanda to become theworld's most expensive city for expatriates of 214 ranked byMercer, while Moscow remains the most costly place to live inEurope.

“Recent world events, including economic and politicalupheavals, have affected the rankings for many regions throughcurrency fluctuations, inflation, and volatility in accommodationprices,” Mercer said today in its annual Worldwide Cost of LivingSurvey.

The analysis uses New York as a base city and measures thecomparative prices of more than 200 items in each location, such astransport, clothing, food, household goods and entertainment.Housing costs, which are also included, are critical in the rankingas they are often the biggest expense for expatriates.

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