Russia’s currency woes on the back of an oil price slump and Western sanctions saw its major urban centres plunge down the liston the 21st Cost of Living Survey compiled by business consultancy Mercer, while a dull North Sea market did not stop Aberdeen becoming more costly.
Luanda, capital of oil-rich Angola, once again grabbed top spot in the list that compared prices of more than 200 items – including housing, transportation and food – in 207 cities against New York, and measured currency movements against the US dollar.
“Despite