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. Last Updated: 07/27/2016

Living Costs In Moscow Rise Again




LONDON -- Tokyo and Osaka remain easily the world's most expensive cities, while the strong pound has pushed London ahead of Paris as the European Union's priciest place to live, a survey showed.


A worldwide cost of living survey released Thursday by the Economist Intelligence Unit and using New York as the base case of 100, scored Japan's capital and second city Osaka above 160, streets ahead of the rest.


Moscow shared 38th place with Brussels on a score of 87. Last year Moscow was in 88th place.


Continued dollar strength edged U.S. cities up the cost of living league, nudging New York to 12 and Chicago up to number 20.


At the other end of the scale were New Delhi and Bombay, where an executive's budget can stretch four times as far as in Tokyo, while Bucharest was Europe's cheapest capital at 49.


The EIU data draws together price data on 120 goods and services to help companies calculate allowances for employees and their families relocated overseas.