Moscow costliest city for expats

LONDON: Moscow is the world's costliest city for expatriate workers and is almost one-and-half times as expensive as New York, Shanghai, Amsterdam and Madrid, a report on relative living costs showed yesterday.

Tokyo rose above London to second place in the world rankings, while Oslo, boosted by Norway's petrol dollars, climbed six places to fourth.

Asuncion, capital of Paraguay, was ranked the world's least expensive major city for the sixth consecutive year, according to the annual survey conducted by human resources consultants Mercer. The study measured the cost of more than 200 items in 143 cities.