Mumbaiyan Expenses!! According to Mercer’s Study, Mumbai continues to be India’s most expensive city and is ranked above Dallas, Frankfurt and Vancouver, according to a recent survey. Angola’s capital Luanda has been rated the world’s costliest city to live in, for the third consecutive year, as per Global HR firm Mercer’s “Cost of Living Survey 2015”.

India’s most expensive city, Mumbai (at 74th place), climbed 66 places in the ranking due to its rapid economic growth, inflation and services basket and a stable currency against the U.S. dollar,” the survey has revealed. it  has witnessed higher inflation over the last one year compared to other metro cities, higher cost of fuel, transportation, increased prices of food items, home services and rentals, impacting the cost of living.

Mumbai, the most populous city in the country, is followed by New Delhi (132) and Chennai (157), which rose in the ranking by 25 and 28 spots, respectively. Besides, Bengaluru (183) and Kolkata (193), the least expensive Indian cities, climbed in the ranking as well, it said. The survey includes 207 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.Asian cities dominate the top 10 costliest cities rankings along with major cities in Switzerland, it said.

With a large number of Indian multinational organisations expanding their footprint abroad, 85 per cent of them are expecting expatriate assignments to rise over the next two years to address business needs,” Mercer India’s Ruchika Pal said.Indian companies have been bullish on sending employees abroad and view this strategically for multiple reasons, she said.

The survey also revealed that South Africa, the United Arab Emirates, the U.K. and the U.S. are expected to witness the highest increase in the number of Indian international assignees.