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According to ECAs (Employment Costs Abroad Cost of Living Index for 2012, Tokyo remains the most expensive location in the world. Norwegian and Swiss cities dominate the list of the most expensive locations in Europe. Luxembourg comes in 29th place, losing 8 ranks compared to 2011. The ECA data is used by companies to calculate cost of living allowances for expatriates. Indices are available for over 400 locations worldwide. They are derived from surveys conducted twice a year (in March and September), on the price of around 125 day-to-day goods and services. The survey covers food, drink, tobacco and clothing amongst others. Certain living costs like accommodation, car costs and school fees are not included.
The European ranking is dominated by the...
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