Dublin no longer the most expensive city to live in

Dublin has dropped down the list of the world's most expensive cities to
live in, but it remains in the top 15 most expensive cities in the European
Union, a new survey says.

The Irish capital was 10th on the world list just six years ago, but thanks
to the property crash and the banking crisis it fell to 42nd place last year
and to 58th place this year, according to Mercer¹s 2011 Cost of Living
Survey. Mercer's survey measures the comparative cost of items such as
housing, transport, food, clothing, household goods and entertainment.

Mercer said that recent headline grabbing world events including natural
disasters and political upheavals, had altered the rankings for many regions
through the cost of inflation for goods and services, and other factors like
currency costs and volatility in accommodation prices. Senior consultant at
Mercer Noel O¹Connor told the Irish Times : 'We have seen Dublin drop from
42 to 58 in the worldwide rankings. Dublin ranks in the top 15 most
expensive cities in the EU with a ranking of 13 (down two places from 2010)
out of 40 EU cities included in survey.