News Journal

Moscow is world’s priciest city

One of the priciest cities of world is Moscow that is, one and a half times, more expensive than the cities like, New York, Shanghai, Amsterdam and Madrid. Moscow has a cost of living index 142.4 points as compared to 100 of New York.

The least expensive city of world is Asuncion and New York was at 22nd rank in the 200 cities list. The shift in city rankings were affected by the currency values of the country and the second priciest city is Tokyo and London stood at third rank.