Mumbai, India, fell 34 places to 94th place due to a combination of a weak rupee and cheaper rents in the city’s rental market. Meanwhile, some African countries have seen their rankings rise as their currencies are linked to the euro. Brazzaville, the continent’s new most expensive city, and Pointe Noire both in Congo, rank 19th and 33rd in the world after rising 10 and 8 places respectively despite low inflation as their currency, the Central African CFA franc, is pegged to the euro.
PTI