City not easy on the wallet

City not easy on the wallet
BY S. SEETHALAKSHMI
BENGALURU


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Bengaluru is a costlier place to live in than it was a year ago, but it is still less expensive than Chennai and a whole lot cheaper than Mumbai and Delhi.

The city moved from 134th in 2007 to 118th this year on a list of the costliest cities in the world. Chennai climbed from 133rd to 117th in 2008 while Delhi moved from 68th to 55th in the survey by Mercer. Mumbai has moved up to 48th on the list.

Moscow is the costliest city in the world and Asuncion in Paraguay is the cheapest city to live in. Tokyo and London come in second and third on the list.

The survey covers 143 cities across six continents and measures the com parative cost of living, including housing, transport, food, clothing, household goods and entertainment.

According to Mercer research manager Yvonne Traver: “Current market conditions have led to a further weak ening of the US dollar which, coupled with the strengthening of the euro and other currencies, have caused significant changes in this year’s rankings.” Indian cities have become costlier largely due to the strengthening of the Indian rupee against the US dollar.

Tokyo is the costliest city in Asia while Karachi, in 141st place, remains the least expensive.

Interestingly, Asian cities being among the costliest places in the world has not deterred many companies and their employees setting up base on the continent, Mercer’s AsiaPacific head of information product solutions, Neo Siew Khim, said.

Both Australian and New Zealand cities have moved up the rankings due to the appreciation of their currencies against the US dollar. Several European cities rose in the rankingsCity not easy on the wallet
BY S. SEETHALAKSHMI
BENGALURU


Article Rank





[Click To Enlarge]
Bengaluru is a costlier place to live in than it was a year ago, but it is still less expensive than Chennai and a whole lot cheaper than Mumbai and Delhi.

The city moved from 134th in 2007 to 118th this year on a list of the costliest cities in the world. Chennai climbed from 133rd to 117th in 2008 while Delhi moved from 68th to 55th in the survey by Mercer. Mumbai has moved up to 48th on the list.

Moscow is the costliest city in the world and Asuncion in Paraguay is the cheapest city to live in. Tokyo and London come in second and third on the list.

The survey covers 143 cities across six continents and measures the com parative cost of living, including housing, transport, food, clothing, household goods and entertainment.

According to Mercer research manager Yvonne Traver: “Current market conditions have led to a further weak ening of the US dollar which, coupled with the strengthening of the euro and other currencies, have caused significant changes in this year’s rankings.” Indian cities have become costlier largely due to the strengthening of the Indian rupee against the US dollar.

Tokyo is the costliest city in Asia while Karachi, in 141st place, remains the least expensive.

Interestingly, Asian cities being among the costliest places in the world has not deterred many companies and their employees setting up base on the continent, Mercer’s AsiaPacific head of information product solutions, Neo Siew Khim, said.

Both Australian and New Zealand cities have moved up the rankings due to the appreciation of their currencies against the US dollar. Several European cities rose in the rankingsCity not easy on the wallet
BY S. SEETHALAKSHMI
BENGALURU


Article Rank





[Click To Enlarge]
Bengaluru is a costlier place to live in than it was a year ago, but it is still less expensive than Chennai and a whole lot cheaper than Mumbai and Delhi.

The city moved from 134th in 2007 to 118th this year on a list of the costliest cities in the world. Chennai climbed from 133rd to 117th in 2008 while Delhi moved from 68th to 55th in the survey by Mercer. Mumbai has moved up to 48th on the list.

Moscow is the costliest city in the world and Asuncion in Paraguay is the cheapest city to live in. Tokyo and London come in second and third on the list.

The survey covers 143 cities across six continents and measures the com parative cost of living, including housing, transport, food, clothing, household goods and entertainment.

According to Mercer research manager Yvonne Traver: “Current market conditions have led to a further weak ening of the US dollar which, coupled with the strengthening of the euro and other currencies, have caused significant changes in this year’s rankings.” Indian cities have become costlier largely due to the strengthening of the Indian rupee against the US dollar.

Tokyo is the costliest city in Asia while Karachi, in 141st place, remains the least expensive.

Interestingly, Asian cities being among the costliest places in the world has not deterred many companies and their employees setting up base on the continent, Mercer’s AsiaPacific head of information product solutions, Neo Siew Khim, said.

Both Australian and New Zealand cities have moved up the rankings due to the appreciation of their currencies against the US dollar. Several European cities rose in the rankingsCity not easy on the wallet
BY S. SEETHALAKSHMI
BENGALURU


Article Rank





[Click To Enlarge]
Bengaluru is a costlier place to live in than it was a year ago, but it is still less expensive than Chennai and a whole lot cheaper than Mumbai and Delhi.

The city moved from 134th in 2007 to 118th this year on a list of the costliest cities in the world. Chennai climbed from 133rd to 117th in 2008 while Delhi moved from 68th to 55th in the survey by Mercer. Mumbai has moved up to 48th on the list.

Moscow is the costliest city in the world and Asuncion in Paraguay is the cheapest city to live in. Tokyo and London come in second and third on the list.

The survey covers 143 cities across six continents and measures the com parative cost of living, including housing, transport, food, clothing, household goods and entertainment.

According to Mercer research manager Yvonne Traver: “Current market conditions have led to a further weak ening of the US dollar which, coupled with the strengthening of the euro and other currencies, have caused significant changes in this year’s rankings.” Indian cities have become costlier largely due to the strengthening of the Indian rupee against the US dollar.

Tokyo is the costliest city in Asia while Karachi, in 141st place, remains the least expensive.

Interestingly, Asian cities being among the costliest places in the world has not deterred many companies and their employees setting up base on the continent, Mercer’s AsiaPacific head of information product solutions, Neo Siew Khim, said.

Both Australian and New Zealand cities have moved up the rankings due to the appreciation of their currencies against the US dollar. Several European cities rose in the rankings