Europe’s debt crisis, slowing
growth in the U.S. and worries about a hard landing in China: Even if
you’ve kept your job this past year, you’ve probably had plenty to worry
about. But how about the rising cost of living?
According to a new report from human resources firm Mercer Consulting,
the cost of living in North American, Asian and African cities has been
rising this past year, despite the global slowdown.
The study looked at 214 cities worldwide and used New York City as the
benchmark. Mercer’s annual cost of living survey is used by
multinational companies to determine compensation for their expatriate
employees around the world. The rankings are based on the cost of more
than 200 items in each location including housing, transportation, food,
clothing and entertainment.
10. Nagoya, Japan
9. Hong Kong
8. N’ Djamena, Chad
6. Singapore (Tied)
6. Zurich, Switzerland (Tied
5. Geneva, Switzerland
4. Moscow, Russia
3. Osaka, Japan
2. Luanda, Angola
1. Tokyo, Japan
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