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Tokyo Overtakes Luanda as Most Expensive City for Expats

Tokyo advanced past the Angolan capital Luanda to become the world’s most expensive city for expatriates of 214 ranked by Mercer, while Moscow remains the most costly place to live in Europe.

“Recent world events, including economic and political upheavals, have affected the rankings for many regions through currency fluctuations, inflation, and volatility in accommodation prices,” Mercer said today in its annual Worldwide Cost of Living Survey.