Study ranks Luanda as second most expensive city in the world

13 June 2012

Luanda, the capital of Angola, is ranked second in a list of the 214 most expensive cities in the world, after being overtaken by the Japanese capital, Tokyo, which is now at the top of the list.

In 2011 Luanda was considered to be the most expensive city in the world.

The study shows the “top 10” of the most expensive cities in the world for international workers based on an annual survey carried out by US consultancy Mercer.

The latest cost of living survey confirms that Tokyo (Japan) has overtaken Luanda on the list of the most expensive cities.

Osaka (Japan) is ranked third after rising three places since last year, whilst Moscow remains in fourth. The Russian capital is the most expensive city in Europe.

Singapore is in seventh place and Hong Kong in tenth.

The survey included 214 cities in five continents, and measures the comparative cost of around 200 items in each location, including transport, food, clothing, domestic items, and entertainment. (macauhub)