Rupee fall makes Delhi, Mumbai cheaper; Tokyo emerges most costly for expats
In the Mercer ‘Worldwide Cost of Living Survey 2012’, New Delhi has slipped to 113th position (from 85 last year), while Mumbai is at 114th place (from 95).
Bangalore and Kolkata dropped to 187th and 208th spots, respectively. These two cities were at 180th and 203rd positions, respectively, last year. However, Chennai became more expensive to live in and climbed to 190th rank from 194th place in 2011 list.
“The reason why Indian cities are going down in rankings when compared to last year (except Chennai) is due to the weakening of the rupee against the USD by more than 8.5 % in one year. We use New York as the base city and all cities are compared against it,” Mercer director (Information Products Solution) Muninder Anand said.
Tokyo has emerged as the most costly city for expatriates, pushing Luanda (in Angola) to the second spot. At the third place is Osaka, followed by Moscow and Geneva.
Other cities in the top ten are Zurich and Singapore (both ranked 6th), N’Djamena (8), Hong Kong (9) and Nagoya (10). N’Djamena is in Chad. There are five Asian cities in the top ten most expensive places to live in for
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