London ranked second most expensive city

London
is the second most expensive city to live in in the world.

It
rose from seventh to second place in Mercer’s 2004 cost of living survey. Tokyo
kept its number one spot as the world’s most expensive city.

South
American cities account for the four least expensive cities worldwide, with
Asuncion, Paraguay taking honors as the least expensive city in the survey.

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With
New York as the base city, scoring 100 points, Tokyo scored 130.7 points, and
is three-times costlier than Asuncion, which has an index of 42.7 points.

By Quentin Reade