Agency Mercer Human Resource Consulting ranked the most expensive cities in the world.
Moscow has ceased to be the most expensive city in the world. Now this title belongs to Tokyo.
Agency Mercer Human Resource Consulting annually ranks the most expensive cities in the world for foreigners coming to work abroad - Cost of Living. It features 143 of the world's largest cities ranked across 200 categories, such as housing, transportation, gasoline, food, clothing, commodities and entertainment available to the average foreign professional.
This year, the first and second places were taken by the Japanese cities of Tokyo and Osaka. A bus ticket in the Japanese capital will cost $3.25, while coffee and a newspaper together will cost $11.70.
Moscow lost its leadership, which it had held for the last three years, and took third place. Geneva and Hong Kong are in fourth and fifth place.
New York moved up from 14th to 8th place, while London, on the contrary, slipped from third to sixteenth position. The cheapest city in the world was the South African Johannesburg, ranked 143.