Baku ranks 49th most expensive city: study
The Azerbaijani capital Baku ranks 49th among the world`s most expensive cities, compared to the 48th ranking posted in 2011, a leading global consulting company has said.
The annual ranking of 214 cities is drawn up by Mercer Human Resource Consulting company on the basis of over 200 indicators, such as prices for food and fuel, property rentals, and transport fees.
Tokyo topped Mercer`s list this year. The top five also include the Angolan capital Luanda, another Japanese city, Osaka, Moscow, and Geneva.
Just like in 2011, the Pakistani city of Karachi was rated as the cheapest city in the world.
Last year, Luanda was rated as the world`s most expensive city. It was followed by Tokyo and N`djamena in Chad.
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