More Rankings: Moscow is World's Most Expensive City

London-based Mercer Human Resource Consulting released a new set of rankings of the World's 50 most expensive cities. Moscow topped the list, followed closely behind by London. The highest ranking US city, New York is ranked at 15, down from number 10 last year. The only other US city to crack the top 50 was LA which came in at number 42, down significantly from number 29 last year. Not surprisingly, most of the cities that saw big jumps were in Europe where the Euro and the British Pound continue to gain value versus the US Dollar. The methodology is more related to how much globe trotting executives should expect to spend in one city versus the other, and therefore it is not nearly as extensive or as related to the overarching "Globalization and Cities" subject as last week's MasterCard rankings are, but it's definitely worth a look.

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