Yes. For three straight years, Moscow is still the most expensive city in the world which means, cost of living is SO HIGH that a cup of coffee will cost you 495 pesos.

But wait here is more, second in rank is Tokyo. In fact, there are other two Asian cities included in the top 10 and these are Seoul and Hong Kong.

For the complete story, click here.

Here are the top 20 most expensive cities, with their 2007 places in brackets:

1 (1) Moscow

2 (4) Tokyo

3 (2) London

4 (10) Oslo

5 (3) Seoul

6 (5) Hong Kong

7 (6) Copenhagen

8 (7) Geneva

9 (9) Zurich

10 (11) Milan

11 ( 8 ) Osaka

12 (13) Paris

13 (14) Singapore

14 (17) Tel Aviv

15 (21) Sydney

16 (16) Dublin

16 (18 ) Rome

18 (12) St. Petersburg

19 (19) Vienna

20 (20) Beijing

Source: http://ph.news.yahoo.com/afp/20080724/tts-lifestyle-economy-world-cities-c1b2fc3.html