A recent survey by Mercer’s ‘Cost of Living Survey 2015′ has deemed Mumbai the most expensive city in India and is ranked above Dallas, Frankfurt and Vancouver, as reported in Feonline.
Subsequently, Luanda, capital of Angola, has been rated the world’s costliest city to live in, for third consecutive year. Mumbai (at 74th place), climbed 66 places in the ranking due to its rapid economic growth, inflation and services basket and a stable currency against the US dollar.
The survey further said that Mumbai is ranked higher and more expensive than cities like Dallas (77), Munich (87), Luxembourg (94), Frankfurt (98) and Vancouver (119).
Mumbai is followed by New Delhi (132nd place) and Chennai (157), which rose in the ranking by 25 and 28 spots, respectively. Besides, Bengaluru (183) and Kolkata (193), the least expensive Indian cities, climbed in the ranking as well.
The survey includes 207 cities across five continents and measures comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.
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