Moscow is the most expensive city in the world, according to report.

Mercer Human Resource Consulting ranked 144 cities on food, transport, clothing, household goods and entertainment costs.

The main cause of Moscow’s ascent was a surge in property values, Mercer said in annual report.

“Steep accommodation costs have contributed to Moscow’s high ranking, as the recent property boom has driven up rental prices for expatriates,” said Mercer.

The 10 Most Expencive Cities

  1. Moscow, Russia
  2. Seoul, South Korea
  3. Tokyo, Japan
  4. Hong Kong, China
  5. London, UK
  6. Osaka, Japan
  7. Geneva, Switzerland
  8. Copenhagen, Denmark
  9. Zurich, Switzerland
  10. Oslo, Norway
  11. New York, US

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